Power Grid Corp. of India shares slip 0.66% in market downturn
Updated
Updated · MarketWatch · Apr 30
Power Grid Corp. of India shares slip 0.66% in market downturn
12 articles · Updated · MarketWatch · Apr 30
The stock closed at 318.25 rupees as the BSE Sensex fell 0.75% to 76,913.50 in Thursday's broadly weak session.
Power Grid ended 2.02% below its 52-week high of 324.80 rupees, reached on 27 April, while outperforming Tata Power, Gujarat Industries Power and Jindal Steel.
Trading volume was 507,512 shares, below the 50-day average of 638,915, indicating lighter activity despite the wider market decline.
With its stock falling, Power Grid secured a massive loan. What does its board know that investors are missing?
As Power Grid's debt balloons to fund India's green transition, is the company becoming too big to fail?