Power Grid shares tumble over 5%

New Delhi: Shares of Power Grid Corporation of India Ltd fell by more than 5 per cent on Tuesday, after the company posted an over 5 per cent decline in consolidated net profit for the quarter ended June 2023. The stock declined 5.36 per cent to settle at Rs 251.75 per piece on the BSE. During the day, it fell 5.82 per cent to Rs 250.50. On the NSE, it tanked 5.16 per cent to Rs 252.30 apiece. The company was the biggest laggard among the Sensex and Nifty firms. Its market valuation fell by Rs 9,939.97 crore to Rs 1,75,607.03 crore.