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Power Grid falls despite reporting 10% rise in Q1 consolidated net profit

Power Grid Corporation of India is currently trading at Rs. 210.85, down by 3.20 points or 1.49% from its previous closing of Rs. 214.05 on the BSE.

The scrip opened at Rs. 213.10 and has touched a high and low of Rs. 213.90 and Rs. 208.60 respectively. So far 223785 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 216.20 on 01-Aug-2019 and a 52 week low of Rs. 173.05 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 216.20 and Rs. 206.20 respectively. The current market cap of the company is Rs. 110543.49 Crore.

The promoters holding in the company stood at 55.37%, while Institutions and Non-Institutions held 40.15% and 4.48% respectively.

The company has reported 8.31% rise in its Net Profit at Rs 2,427.89 crore for first Quarter ended June 30, 2019 as compared to Rs 2,241.70 crore for the same quarter in the previous year. Total income of the company increased by 9.50% at Rs 9,228.37 crore for Q1FY20 as compared Rs 8,427.67 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 9.87% in its net profit at Rs 2,502.80 crore for the quarter under review as compared to Rs 2,277.87 crore for the same quarter in the previous year. Total income of the company increased by 11.76% at Rs 9,361.72 crore for Q1FY20 as compared Rs 8,376.48 crore for the corresponding quarter previous year.



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This post first appeared on Daily Kiran, please read the originial post: here

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Power Grid falls despite reporting 10% rise in Q1 consolidated net profit

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