PGCIL drops amid volatility after Q1 results

Power Grid Corporation of India fell 0.11% to Rs 137.95 at 10:09 IST on BSE after net profit rose 20.23% to Rs 1366.51 crore on 17.49% growth in total income to Rs 4787.96 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced after market hours yesterday, 10 August 2015.

Meanwhile, the S&P BSE Sensex was down 7.64 points or 0.03% at 28,094.08.

On BSE, so far, 1 lakh shares were traded in the counter as against average daily volume of 96,000 shares in the past two weeks.

The stock was volatile. The stock lost as much as 0.43% at the day's low of Rs 137.50 so far during the day. The stock rose as much as 2.17% at the day's high of Rs 141.10 so far during the day. The stock had hit a 52-week high of Rs 159 on 28 February 2015. The stock had hit a 52-week low of Rs 127.25 on 1 September 2014.

PGCIL, a navaratna Central Public Sector Enterprise, is India's largest electric power transmission utility. Government of India holds 57.9% stake in PGCIL (as per the shareholding pattern as on 30 June 2015).

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