Power Grid shares decline 2%

New Delhi: Shares of Power Grid Corporation on Thursday went lower 2 per cent after the company reported a nearly four per cent dip in its consolidated net profit in the March 2024 quarter. The stock declined 1.86 per cent to settle at Rs 319.75 on the BSE. During the day, it dropped 5.17 per cent to Rs 308.95.

On the NSE, it dipped 2 per cent to Rs 319. In traded volume terms, 15.13 lakh shares of the company were traded on the BSE and 357.05 lakh shares on the NSE during the day. State-owned Power Grid Corporation on Wednesday reported a nearly four per cent dip in its consolidated net profit to Rs 4,166.33 crore in the March 2024 quarter, mainly due to a marginal decline in income.