Power Grid Corp. of India Ltd. (532898) registered a minor decrease of 0.46%, closing at 247.50 Indian rupees on Friday. Despite this dip, the stock market as a whole enjoyed a positive trading session, with the S&P BSE Sensex Index (1) rising by 0.74% to reach 65,721.25.
Close to 52-Week High
Although Power Grid Corp. of India Ltd. fell short by 19.35 rupees of its 52-week high, which it reached on July 31 with a share price of 266.85 rupees, the company remains in a strong position.
Comparison with Competitors
In comparison to its competitors, Power Grid Corp. of India Ltd. underperformed on Friday. Tata Power Co. Ltd. (TATAPOWER) recorded a slight increase of 0.08% to reach 235.65 rupees, while Gujarat Industries Power Co. Ltd. (517300) saw a more substantial rise of 1.83% and closed at 113.90 rupees.
Trading Volume Analysis
With a trading volume of 142,529 shares, Power Grid Corp. of India Ltd. fell short by 128,553 shares compared to its 50-day average volume of 271,082.