/ Power Grid hits Fresh 52-Week High, Stock Trades Above Rs 200/sh ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 19 April 2017

Power Grid, a company mainly engaged in power transmission business during Wednesday’s trading session sizzled nearly 5% on intraday basis. The stock witnessed a huge spurt in volume by over 1.67 times, hitting a fresh 52-week high of Rs 212.40 per share on the BSE.

Whereas, benchmark indices Nifty and Sensex has pared their early morning gains and currently in red. Power Grid along with Sun Pharma lead the market recovery for some time during the trading session on Wednesday at around 11 am.

The stock has delivered almost 44% returns in a period of one year and has outperformed the BSE Sensex and BSE Power indices over the same time span.

The company in the December quarter of 2016 had posted net sales of Rs 6500.95 crore higher by almost 4% as compared to the Rs 6229.55 crore in September 2016.

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