Power Grid Corp Shares Dip Below 300 INR Mark in Early April 4 Trading
New Delhi: Shares of state-run Power Grid Corporation of India Ltd (NSE: POWERGRID) experienced downward pressure in the morning trading session on Thursday, April 4th. According to stock market data observed around 10:02 AM IST, the Power Grid share price was trading at 297.30 INR.
This represents a decline of 1.80 points, translating to a loss of 0.60% for the day. The stock opened the session slightly higher at 300.00 INR, compared to its previous closing price of 299.10 INR. However, it failed to sustain the opening level and subsequently moved lower.
The intraday chart for Power Grid showed volatility after the opening bell, with the stock hitting an early high of 300.65 INR before retreating to a low of 296.55 INR. The price action indicated selling pressure pushing the stock below the psychologically important 300 INR level.
Key financial metrics displayed alongside the price movement include a substantial Market Cap of 2.76 Lakh Crore INR, a Price-to-Earnings (P/E) ratio of 17.79, and an attractive Dividend Yield of 3.53%.
The current trading price places Power Grid stock within its established 52-week range. Over the past year, the shares have reached a high of 366.25 INR and recorded a low of 247.30 INR, providing context for the day’s early performance. Market participants are monitoring the utility major’s stock movement.
