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Indian-Commodity  :  Equity & Shares  :  Power Grid surges on reporting 33% jump in Q1 net profit

Power Grid surges on reporting 33% jump in Q1 net profit (16-Aug-2016)

Power Grid Corporation of India is currently trading at Rs. 180.95, up by 3.05 points or 1.71% from its previous closing of Rs. 177.90 on the BSE.

The scrip opened at Rs. 179.00 and has touched a high and low of Rs. 183.05 and Rs. 178.80 respectively. So far 547683 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.05 on 16-Aug-2016 and a 52 week low of Rs. 120.75 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 180.00 and Rs. 172.60 respectively. The current market cap of the company is Rs. 95057.98 crore.

The promoters holding in the company stood at 57.90%, while institutions and non-institutions held 34.93% and 7.18% respectively.

Power Grid Corporation of India has reported 32.91% rise in its net profit at Rs 1801.77 crore for the quarter ended June 30, 2016 as compared to Rs 1355.64 crore for the same quarter in the previous year. The company's total income increased by 30.61% to Rs 6259.30 crore for the quarter under review from Rs 4792.38 crore for the corresponding quarter of the previous year.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.

 


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