Power Grid Corp. of India Falls Wednesday, Underperforms Competitors

Dow Jones
Aug 19

This article was automatically generated by MarketWatch using technology from Automated Insights.

Power Grid Corp. of India Ltd. shares slipped 2.00% to 262.45 Indian rupees Wednesday, on what proved to be an all-around rough trading session for the stock market, with the BSE SENSEX Index falling 0.42% to 76,909.68.

Power Grid Corp. of India Ltd. closed 19.20% below its 52-week high of 324.80 rupees, which the company reached on April 27th.

The stock underperformed when compared to some of its competitors Wednesday, as Tata Power Co. Ltd. fell 0.55% and Gujarat Industries Power Co. Ltd. rose 0.15%. Jindal Steel Ltd. rose 1.23%.

Trading volume totaled 471,845, compared to the 50-day average of 595,152.

Data source: Dow Jones Market Data, FactSet

 

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