Power Grid Corp. of India Rallies Friday, Outperforms Market

Dow Jones

Aug 21

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Power Grid Corp. of India Ltd. rose 2.66% to 272.30 Indian rupees Friday, on what proved to be an all-around mediocre trading session for the stock market, with the BSE SENSEX Index holding steady at 77,540.83.

Power Grid Corp. of India Ltd. closed 16.16% below its 52-week high of 324.80 rupees, which the company achieved on April 27th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Tata Power Co. Ltd. fell 0.25% and Gujarat Industries Power Co. Ltd. rose 3.04%. Jindal Steel Ltd. rose 0.80%.

Trading volume totaled 1.2 million, compared to the 50-day average of 589,049.

Data source: Dow Jones Market Data, FactSet

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