8/2/2024, 6:13:03 pm

Power Grid shares jump 7%, break two-session losing streak. Here's why

Power Grid Corporation's share price rose nearly 7% after reporting profitable quarter and announcing second interim dividend of Rs 4.50 per share. The stock is near its 52-week high of Rs 289.40 and has gained 80% in the last year, outperforming the Nifty's 23% return. Revenue and EBITDA increased marginally, expenses were down. Trent shares also surged 23% due to strong Q3 results.