PGCIL rises in volatile trade

Power Grid Corporation of India rose 0.42% to Rs 132.60 at 14:07 IST on BSE after net profit rose 9.24% to Rs 1136.51 crore on 10.72% rise in total income from operations to Rs 3941.85 crore in Q1 June 2014 over Q1 June 2013.

The result was announced after market hours on Monday, 4 August 2014.

Meanwhile, the BSE Sensex was up 25.93 points, or 0.1%, to 25,749.09

On BSE, so far 1.91 lakh shares were traded in the counter, compared with an average volume of 6.74 lakh shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 133 and a low of Rs 131 so far during the day. The stock hit a 52-week high of Rs 146.50 on 7 July 2014. The stock hit a 52-week low of Rs 87.75 on 5 August 2013.

The stock underperformed the market over the past one month till 4 August 2014, falling 8.3% compared with 0.92% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 26.55% as against Sensex's 14.82% rise.

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

Power Grid Corporation of India (PGCIL), a navaratna Central Public Sector Enterprise, is India's largest electric power transmission utility.

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