Power Grid Corp gains after good Q1 outcome

Power Grid Corporation of India rose 0.46% to Rs 183.05 at 09:34 IST on BSE after the company reported 9.17% rise in net profit to Rs 2240.54 crore on 15.79% rise in total income to Rs 8637.04 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 31 July 2018.

Meanwhile, the S&P BSE Sensex was up 57.22 points, or 0.15% to 37,663.80.

On the BSE, 43,000 shares were traded in the counter so far compared with average daily volumes of 12.56 lakh shares in the past two weeks. The stock had hit a high of Rs 184.10 and a low of Rs 181.40 so far during the day. The stock hit a record high of Rs 226.40 on 8 August 2017. The stock hit a 52-week low of Rs 174.25 on 26 July 2018.

 

Power Grid Corporation of India is an Indian state-owned electric utility company headquartered in Gurugram, India. It transmits about 50% of the total power generated in India on its transmission network.

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