Power Grid Corporation of India rose 1.02% to Rs 177.70 at 15:21 IST on BSE after a bulk deal of 15 lakh shares was executed in the counter at Rs 178.50 per share at 14:10 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 35.97 points, or 0.13%, to 27,733.48.
Bulk deal boosted volume on the scrip. On BSE, so far 20.97 lakh shares were traded in the counter as compared with average daily volume of 3.63 lakh shares in the past one quarter. The stock hit a high of Rs 179.15 and a low of Rs 176.20 so far during the day. The stock hit a record high of Rs 179.95 on 2 August 2016. The stock hit a 52-week low of Rs 120.75 on 10 September 2015. The stock had outperformed the market over the past one month till 3 August 2016, rising 6.54% compared with 2.04% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 21.35% as against Sensex's 9.78% rise.
The large-cap company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.
Power Grid Corporation of India's net profit rose 13.2% to Rs 1599.05 crore on 21.4% rise in total income to Rs 5961.49 crore in Q4 March 2016 over Q4 March 2015.
State-run Power Grid Corporation of India is an electric power transmission utility company. Government of India currently holds 57.9% stake in the firm (as per the shareholding pattern as on 30 June 2016).
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