PGCIL hits 52-week high after good Q4 earnings

Power Grid Corporation of India rose 0.63% to Rs 151.70 at 10:10 IST on BSE after net profit rose 13.2% to Rs 1599.05 crore on 21.42% rise in total income to Rs 5961.49 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after marke hours yesterday, 26 May 2016.

Meanwhile, the S&P BSE Sensex was up 127.27 points or 0.48% at 26,493.95.

On BSE, so far 94,000 shares were traded in the counter as against average daily volume of 4.76 lakh shares in the past two weeks. The stock hit a high of Rs 152.35 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 150.30 so far during the day. The stock had hit a 52-week low of Rs 120.75 on 10 September 2015.

The large-cap company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.

Power Grid Corporation of India is an electric power transmission utility company. As per the shareholding pattern, the Government of India holds 57.9% stake in the firm as at 31 March 2016.

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