Power Grid Corporation of India fell 2.72% to Rs 141.35 at 13:08 IST on BSE on reports the government plans to offload 5% stake in the company via divestment.
Meanwhile, the S&P BSE Sensex was up 161.04 points or 0.61% at 26,586.34.
On BSE, so far 57,000 shares were traded in the counter as against average daily volume of 4.55 lakh shares in the past one quarter.
The stock hit a high of Rs 145.90 and a low of Rs 140.70 so far during the day. The stock had hit a 52-week low of Rs 127.25 on 1 September 2014. The stock had hit a 52-week high of Rs 159 on 28 February 2015.
The stock had outperformed the market over the past one month till 12 June 2015, rising 4.34% compared with Sensex's 1.68% fall. The scrip had also outperformed the market in past one quarter, declining 2.84% as against Sensex's 8.66% fall.
The large-cap power utility firm has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.
More From This Section
Power Grid Corporation of India's (PGCIL) net profit rose 20.1% to Rs 1412.48 crore on 18.5% growth in net sales to Rs 4662.19 crore in Q4 March 2015 over Q4 March 2014.
PGCIL, a navaratna Central Public Sector Enterprise, is India's largest electric power transmission utility. The Government of India held 57.9% stake in PGCIL (as per the shareholding pattern as on 31 March 2015).
Powered by Capital Market - Live News