Power Grid Corporation of India gained 0.44% to Rs 216.35 at 9:50 IST on BSE after the company said that its wholly owned subsidiary has declared commissioning of its project.
The announcement was made after market hours yesterday, 18 July 2017.Meanwhile, the S&P BSE Sensex was up 109.15 points or 0.34% at 31,820.14.
On the BSE, 6,248 shares were traded in the counter so far as against average daily volume of 5.22 lakh shares in the past one quarter.
The stock had hit a high of Rs 216.90 and a low of Rs 215.50 so far during the day. The stock had hit a record high of Rs 220 yesterday, 18 July 2017. The stock had hit a 52-week low of Rs 162.20 on 21 July 2016.
The stock had outperformed the market over the past one month till 18 July 2017, gaining 2.82% compared with Sensex's 2.11% gains. The scrip had, however, underperformed the market in past one quarter, gaining 6.45% as against Sensex's 8.16% rise. The scrip had, however, outperformed the market in past one year, gaining 31.86% as against Sensex's 14.29% rise.
The large-cap power distribution company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.
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Power Grid Corporation of India said that POWERGRID Kala Amb Transmission, wholly owned subsidiary of the company secured though Tariff Based Competitive Bidding (TBCB), has declared commissioning of its project on 12 July 2017.
Power Grid Corporation of India's net profit rose 22.2% to Rs 1916.36 crore on 16.9% rise in net sales to Rs 6712.04 crore in Q4 March 2017 over Q4 March 2016.
The Government of India holds 57.9% stake in the firm as at 30 June 2017.
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