Power Grid shares decline 3% after Q2 profit drop
market hours1 source ↓written by the desknot a recommendation
- to ₹278.65
- 3.25%
- year-on-year decline
- 6%
- for Q2
- ₹3,566.08 cr
- this year
- 9.2%
- gain in Nifty
- 8.6%
Shares of Power Grid fell 3.25% to ₹278.65, marking the lowest level since 1 Sep 2023, after a 6% year-on-year decline in net profit to ₹3,566.08 cr for Q2. The stock has now dropped 9.2% this year, contrasting with the 8.6% gain in Nifty 50. Immediate market sentiment may remain cautious.
Not investment advice. For informational purposes only.