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Power Grid Corporation of India Ltd slips for fifth straight session

Power Grid Corporation of India Ltd is quoting at Rs 181.65, down 0.55% on the day as on 13:24 IST on the NSE. The stock tumbled 15.06% in last one year as compared to a 3.4% rally in NIFTY and a 8.86% spurt in the Nifty Energy index.

Power Grid Corporation of India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 181.65, down 0.55% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 11169.25. The Sensex is at 37208.6, up 0.32%.Power Grid Corporation of India Ltd has lost around 8.28% in last one month.Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has eased around 5.25% in last one month and is currently quoting at 15172.1, up 0.63% on the day. The volume in the stock stood at 34.45 lakh shares today, compared to the daily average of 50.27 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 182.65, down 0.38% on the day. Power Grid Corporation of India Ltd tumbled 15.06% in last one year as compared to a 3.4% rally in NIFTY and a 8.86% spurt in the Nifty Energy index.

The PE of the stock is 10.74 based on TTM earnings ending December 18.

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