Published on 6/11/2018 11:22:18 AM | Source: Dion Global Solutions Ltd

Power Grid Corp rose nearly 2% on robust Q2

Shares of Power Grid Corporation of India spurted nearly 2 per cent on the Bombay Stock Exchange after the company reported a 7.86 per cent year-on-year growth in net profit at Rs 2,309.49 crore for September quarter, compared to Rs 2,141.04 crore profit in the year-ago quarter. Boosted by strong Q2, shares of the company gained as much as 1.69 per cent and touched an intra-day high of Rs 189.00 apiece on the Bombay Stock Exchange.

In a similar trend, stocks of the firm were trading at Rs 186.40 apiece, up 0.19 per cent, on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 35,122.22, up 171.30 points, or 0.49 per cent, from the previous close on the BSE at 10:35 hours.