The company made this announcement during trading hours today, 27 February 2009.
Meanwhile, the BSE Sensex was down 63.25 points, or 0.71%, to 8,891.61.
On BSE, 39.16 lakh shares were traded in the counter. The stock had an average daily volume of 12.32 lakh shares in the past one quarter.
The stock hit a high of Rs 99.50 and a low of Rs 91 so far during the day. The stock hit a 52-week high of Rs 113.75 on 27 February 2008 and a 52-week low of Rs 51.75 on 27 October 2008.
The large-cap stock had outperformed the market over the past one month till 26 February 2009, gaining 7.37% as compared to the Sensex's return of 3.23%. It had also outperformed the market in the past one quarter, gaining 22.66% as compared to the Sensex's 0.80% fall.
Index provider Morgan Stanley Capital International (MSCI) had on 11 February 2009 said it would add Power Grid Corporation of India in its emerging market index. This was done as part of the MSCI quarterly index review. The changes will be effective after market hours today, 27 February 2009.
The company's current equity is Rs 4208.84 crore. Face value per share is Rs 10.
The current price of Rs 96.50 discounts its Q3 December 2008 annualized EPS of Rs 3.54, by a PE multiple of 27.26.
The state-run power transmission company's board approved investments worth Rs 11130 crore in an inter-regional grid connector project. The board also approved investments worth Rs 276 crore in a transmission project related to Korba-III power plant in Chattisgarh and an unspecified amount in a regional grid project in south India
Power Grid Corporation of India's net profit fell 3.1% to Rs 372.35 crore on 34.5% increase in net sales to Rs 1464.34 crore in Q3 December 2008 over Q3 December 2007.
Power Grid Corporation of India owns and operates most of India's inter-state and inter-regional electric power transmission system. The Government of India holds 86.36%% stake in the firm
Support 1 rs. 90
Support 2 rs.94
Resistance 1 - Rs.105
resistance 2 - Rs.115