Power Grid Corporation of India Ltd down for fifth straight session

Power Grid Corporation of India Ltd is down for a fifth straight session today. The stock is quoting at Rs 326.25, down 1.51% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.12% on the day, quoting at 24863.45. The Sensex is at 81221.43, down 1.19%.Power Grid Corporation of India Ltd has lost around 7.33% in last one month.Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has eased around 2.77% in last one month and is currently quoting at 42911.6, down 1.67% on the day. The volume in the stock stood at 142.59 lakh shares today, compared to the daily average of 114.85 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 328, down 1.44% on the day. Power Grid Corporation of India Ltd jumped 69.26% in last one year as compared to a 26.04% rally in NIFTY and a 55.92% spurt in the Nifty Energy index.

The PE of the stock is 20.11 based on TTM earnings ending June 24.