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Power Grid Corporation of India Ltd gained for a third straight session today. The stock is quoting at Rs 344.85, up 1.59% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.27% on the day, quoting at 24715.05. The Sensex is at 80979.62, up 1.17%. Power Grid Corporation of India Ltd has risen around 4.01% in last one month.
Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has risen around 4.45% in last one month and is currently quoting at 42770.3, up 0.96% on the day. The volume in the stock stood at 52.75 lakh shares today, compared to the daily average of 128.61 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 343.3, up 1.46% on the day. Power Grid Corporation of India Ltd is up 83.4% in last one year as compared to a 25.71% spurt in NIFTY and a 65.47% spurt in the Nifty Energy index.
The PE of the stock is 20.52 based on TTM earnings ending March 24.
Further, S&P Global Ratings affirmed its 'BBB-' long-term issuer credit rating and 'BBB-' issue rating on POWERGRID. The ratings are capped by that on the Indian sovereign (BBB-/Positive/A-3). The Positive Rating outlook on POWERGRID reflects the outlook on the sovereign rating on India.
The order involves supply, installation, testing, commissioning and maintenance of SCADA/EMS control centres. The order is worth Rs 490 crore (plus GST 18%). The completion of supplies, erection & commissioning will be by January 2026.
GE T&D India is a leading player in the power transmission and distribution business. The company provides solutions for connecting and evacuating power from generations sources onto the grid.
Power Grid Corporation of India (PGCIL), a Public Sector Undertaking is India's principal electric power transmission company. The company is engaged in implementation, operation and maintenance of inter-state transmission system (ists), telecom and consultancy services.
GE T&D India hit an all time high of Rs 1,753.95 in today's intra-day session.
At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 274.87 points or 0.34% to 79,647.33. The Nifty 50 index lost 67.20 points or 0.28% to 24,257.25.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.18% and the S&P BSE Small-Cap index gained 0.46%.
The market breadth was strong. On the BSE, 2,111 shares rose and 1,607 shares fell. A total of 144 shares were unchanged.
Buzzing Index:
The Nifty Realty index declined 1.22% to 1,112.95. The index shed 1.42% in two trading sessions.
Macrotech Developers (down 3.21%), Brigade Enterprises (down 2.47%), Prestige Estates Projects (down 1.44%), Sobha (down 1.24%), Sunteck Realty (down 0.94%), Mahindra Lifespace Developers (down 0.89%), Oberoi Realty (down 0.66%), Phoenix Mills (down 0.63%), Godrej Properties (down 0.43%) and DLF (down 0.13%) edged lower
Stocks in Spotlight:
Power Grid Corporation of India shed 0.56%. The company said that its board approved to borrow funds upto Rs 16,000 crore through various sources during the financial year 2025-2026.
IRB Infrastructure Developers rose 0.79%. The company’s gross toll collection jumped 35% YoY to Rs 517 crore in June.
Sula Vineyards shed 0.04%. The India's largest and only listed wine producer on Wednesday announced that it has recorded its highest ever Q1 net revenues overall as well as for the priority Own Brands.
Global Markets:
Asian stocks edged higher on Thursday, fueled by tech gains and record highs in Japan, after chipmaker TSMC's strong revenue boosted optimism for AI. TSMC's record revenue in June, driven by surging AI demand, pushed its share price up nearly 2% in Taiwan.
The rally followed a surge on Wall Street overnight, where the S&P 500 and NASDAQ hit records on hopes of a soft economic landing and potential Fed rate cuts later this year. All eyes are now on upcoming consumer inflation data, which will heavily influence the Fed's decision on interest rates.
Further, the board approved the current borrowing limits from existing Rs 12,000 crore to Rs 15,000 crore during the financial year 2024-25 through issue of secured / unsecured, non-convertible, non-cumulative, redeemable, taxable / tax-free Bonds under Private placement from domestic / other sources.
The above agenda by the board of directors are subject to approval of shareholders in the ensuing annual general meeting (AGM).
Power Grid Corporation of India (PGCIL), a Public Sector Undertaking is India's principal electric power transmission company. The company is engaged in implementation, operation and maintenance of inter-state transmission system (ists), telecom and consultancy services
The company’s consolidated net profit declined 3.62% to Rs 4,166.33 crore on 2.5% fall in revenue from operations to Rs 11,978.11 crore in Q4 FY24 over Q4 FY23.
Shares of Power Grid Corporation of India were lower 0.27% to Rs 345.15 on the BSE. The scrip hit an all-time high at Rs 348.60 intraday today.