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Astro Analysis of Powergrid Corpn. of India

October 25, 2013

Start of Critical Period  for  Powergrid  Corpn.

 In series of astrological case  studies of Indian Corporates, after Maruti Udyog Ltd. case discussed earlier , we are discussing the investment prospects for Powergrid .  Power Grid is a monopoly large govt. transmission company of India , which celebrated its raising day a few days back. The Company was registered on 23/10/1989 at Delhi and characteristics adjusted  time is 1300 hrs. You can input  these data in any Kundli Program and  get the following Chart.

Its horoscopic chart suggests start of a critical period of 38 months from October 2013 to December 2016. The aforesaid period is of Shani Antardasha in the current Mahadasha of Shukra ( Venus ) ,as shown in the second functional chart below . 

   

Astrological Reasons

1.   In traditional astrology , both mahadasha-antardaha (MD-AD) periods i.e. Shani antardasha under Shukra or Shukra antardasha under Shani mahadasha are considered tough periods , because of contrasting nature of these planets. While Shani is well known  for creating hard working conditions , Shukra is a soft planet dealing with issues more related to eat , drink & be merry. Therefore conflicts do occur in such periods.

Situation is more troublesome , as in present case, when Shani is antardasha (AD lord) incharge as it affects the good going in  Shukra Mahadasha , while Shukra antardasha under Shani Mahadasha is more like a breather period for the person / entity , tormented by long Shani Mahadasha.  

 2. While Shani period is generally troublesome in any chart, it  creates fundamental changes , when it is Lagna lord. In Powergrid's chart , the lagna sign is Makar (Capricorn , sign 10) , so Shani is lagna lord. It is positioned in XIIth house , which is one of the bad houses ( 6,8,12) . Therefore , Shani becomes  most important planet ,being lagnesh and it  gets the driver's seat for whole chart. Shani is also ruler of Kumbha (11) sign , which controls second house of family / finance as shown in this  chart.  

Because of these reasons , whenever Shani Antardasha occurs , Powergrid will be faced with fundamental changes , which may affect the issues controlled by Lagna  ( Employees / Shareholding pattern )  and Second House of finance and family (HR issues). 

Past Events  of Powergrid in  Shani Antardasha 

  Powergrid was born as National Power Transmission Corporation( NPTC) on 23 October 1989 in the Guru Antardasha under Budh Mahadasha ( See first image) . Soon after , in June 1991 , Guru antardsha ended and Shani  antardasha started and the changes started at fast pace , as  given below :

  *  On 16 August 1991 , by government order , NTPC's transmission system alongwith its employees were merged to (NPTC) but without transferring the assets to NPTC. This created financial problems , as NPTC had no assets and it could get only fixed O&M charges. Employees were denied several advances and perks , simply because of lack of funds. Officers associations and trade unions filed cases in Delhi High Court against unilateral transfer of services of NTPC employees without giving any  options.

*   Subsequently NHPC , NLC and THDC 's transmission systems , alongwith employees , were also merged in this company within Shani Antardasha period.

*  On 23/10/1992, name of company was changed from NPTC  ( because of  name confusion with NTPC ) to Powergrid  Corporation of India Ltd. 

*  Powergrid got ownership of its physical assets only from  April 1993 ,after which  its financial problems started reducing.

The whole period of Budh - Shani  Antardasha  was marked with great  changes in composition of employees , financial issues , HR issues ( because of merger of employees from  different companies ) and absence of any stable policy to deal with such upheavals.

But the whole process was completed  as per central government's plan and Delhi High Court did not give any relief to officers association or trade unions. This was due to Guru 's (Jupiter) positive aspect , looking at Sun ( Government ) , Shani and second house of family & finance ( shown by green arrows from Guru in second Chart ).

Possibilities in Shukra - Shani Antardasha :

By above analysis  and proof of past events , the astrological rules are verified. Therefore , company should face similar issues again in coming three years.

Though, there is one difference in previous and current antardasha (AD) of Shani. In 1991-94 AD of Shani, its relationship with Mahadasha (MD) lord Budh was 4-10 which was a Kendra relationship , hence good for company's point of view as 4-10 mutual angle between MD & AD added to physical assets , employees ,name & fame to company .

But present Shukra-Shani period makes 2-12 angle, which is considered Maraka in traditional astrology. Therefore , astrologically , the period denotes death / deletion /separation/renaming  as opposed to earlier period.

Logically also, company is soon going for follow on issue after which government holding will reduce to 58% , only 8% away from privatisation.

The word "Astrology" practically means logic supported by planet's placement. In earlier AD of Shani, govt. was inclined to invest in the company, now  govt. is interested in disinvestment.

Hence, there are clear indications  that Powergrid is moving to almost  privatization within 3 years but not in one stroke. It can happen in pieces as happened earlier in 1991-94 period.

The first step is already in progress by Follow On issue in November-December 2013. The next steps could be demerger of POSOCO , the load dispatch subsidiary of Powergrid and  making it an independent PSU company. Post FPO , the FII or any large group of private investor is likely to get their directors in board management and last objective of complete privatisation may also be achieved smoothly  if govt. wishes, like  previous period.    

Investment Advice for Powergrid Equity 

 This analysis is focussed on investment in Powergrid Follow on issue, which is coming soon. Despite being at discount to market price, such a huge issue may not get good response from retail and domestic investors but LIC and some foreign institution  investors will be persuaded by government for investment.

Therefore, there may be some drop in share price of Powergrid share , post one year of  follow on issue. That should be the right period for retail investors for investment. There may be phenomenal rise in share price thereafter . Reasons are many :  there would be no further equity dilution soon, private directors introduction in Board will ensure private work  culture and  a real possibility of privatisation as happened to BALCO during NDA's govt.   

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Stock price is now beginning to move as you had predicted.... What is in store for the company and it's stock price in the next 5-10 years?



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