Power Grid slips amid volatility after good Q2 results

Power Grid Corporation of India lost 0.11% to Rs 131.30 at 9:53 IST on BSE after net profit rose 20.54% to Rs 1448.04 crore on 16.65% growth in total income to Rs 5026.90 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 3 November 2015.

Meanwhile, the S&P BSE Sensex was up 135.30 points or 0.51% at 26,729.29.

On BSE, so far 93,000 shares were traded in the counter as against average daily volume of 1.22 lakh shares in the past two weeks.

The stock was volatile. The stock lost as much as 0.49% at the day's low of Rs 131.10 so far during the day. The stock rose as much as 1.93% at the day's high of Rs 134 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 120.75 on 10 September 2015.

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

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