Power Grid Corporation of India rose 0.65% to Rs 139.50 at 09:18 IST on BSE after the company announced that its board of directors at its meeting held on 2 April 2016 has approved eight proposals involving an outlay of Rs 3322.60 crore.
The announcement was made after market hours yesterday, 4 April 2016.Meanwhile, the BSE Sensex was down 93.21 points, or 0.37%, to 25,306.44
On BSE, so far 13,320 shares were traded in the counter, compared with an average volume of 3.25 lakh shares in the past one quarter. The stock hit a high of Rs 140 and a low of Rs 139.05 so far during the day. The stock hit a 52-week high of Rs 155.70 on 13 April 2015. The stock hit a 52-week low of Rs 120.75 on 7 September 2015.
The large-cap company has an equity capital of Rs 5231.59 crore. Face value per share is Rs 10.
Power Grid Corporation of India's net profit rose 31.3% to Rs 1613.12 crore on 22.7% rise in total income to Rs 5504.83 crore in Q3 December 2015 over Q3 December 2014.
Power Grid Corporation of India is an electric power transmission utility company. As per the shareholding pattern, the Government of India holds 57.9% stake in the firm as at 31 December 2015.
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