Power Grid Corporation of India fell 0.08% to Rs 190.15 at 09:55 IST on BSE after the company announced Q4 result after market hours yesterday, 29 May 2019.
Meanwhile, the S&P BSE Sensex was up 214.71 points or 0.54% at 39,716.76
On the BSE, 2.95 lakh shares were traded in the counter so far as against average daily volume of 5.19 lakh shares in the past one quarter. The stock was volatile. The stock had hit a high of Rs 194.70 and a low of Rs 189.45 so far during the day.
Power Grid Corporation of India's net profit rose 51.91% to Rs 3053.96 crore on 18.66% rise in total income to Rs 9610.24 crore in Q4 March 2019 over Q4 March 2018.
The company's board has recommended a final dividend of Rs 2.50 per share for the financial year ended 31 March 2019 (FY 2019). The final dividend is in addition to the interim dividend of Rs 5.83 per share paid on 22 February 2019 for FY 2019.
The Government of India holds 55.37% stake in the firm as at 31 March 2019.
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