PGCIL inches up after strong Q2 results

Power Grid Corporation of India was up 1.19% to Rs 182.60 at 9:51 IST on BSE after net profit rose 32.01% to Rs 1872 crore on 29.86% growth in total income to Rs 6480.20 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours yesterday, 9 November 2016.

Meanwhile, the S&P BSE Sensex was up 322.49 points or 1.18% at 27,575.02.

On BSE, so far 82,000 shares were traded in the counter as against average daily volume of 2.13 lakh shares in the past two weeks. The stock hit a high of Rs 184.70 and a low of Rs 181.25 so far during the day. The stock had hit a record high of Rs 187.70 on 6 September 2016. The stock had hit a 52-week low of Rs 126.70 on 9 November 2015. The stock had outperformed the market over the past one month till 9 November 2016, gaining 1.95% compared with 2.88% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 2.56% as against Sensex's 2.96% fall.

 

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 a state run electric power transmission utility company. The Government of India holds 57.9% stake in the firm as at 30 September 2016.

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