Power Grid shares jump 7%, break two-session losing streak. Here's why
Thu, Feb 8, 2024 6:13 PM

Power Grid shares jump 7%, break two-session losing streak. Here's why

A Flip by Shubhangi Gupta
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Power Grid Corporation's share price rose nearly 7% after reporting profitable quarter and announcing second interim dividend of Rs 4.50 per share. The stock is near its 52-week high of Rs 289.40 and has gained 80% in the last year, outperforming the Nifty's 23% return. Revenue and EBITDA increased marginally, expenses were down. Trent shares also surged 23% due to strong Q3 results.

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