The shares of Power Grid Corp. of India Ltd. (532898) experienced a significant drop of 2.86% to reach 227.20 Indian rupees on Wednesday. This decline occurred during a generally grim trading session for the stock market, as the S&P BSE Sensex Index (1) fell by 1.30% to settle at 70,506.31.
It is worth noting that Power Grid Corp. of India Ltd. closed just 10.80 rupees below its 52-week high of 238.00 rupees, a milestone the company achieved on December 15.
Despite this setback, Power Grid Corp. of India Ltd. performed relatively better compared to some of its industry competitors on the same day. Tata Power Co. Ltd. (TATAPOWER) experienced a significant decrease of 4.69% to reach 320.15 rupees, while Gujarat Industries Power Co. Ltd. (517300) saw a sharp decline of 8.52% to settle at 159.95 rupees.
The trading volume for Power Grid Corp. of India Ltd. stood at 1.2 million, which was 70,937 shares below its 50-day average volume of 1.3 million.
