Power Grid up on steady Q1 nos

The company's Q1FY16 net profit surged over 20 percent to Rs. 1,367 crore when compared with Rs. 1,137 crore in Q1FY15.

Power Grid Corporation spurted over 2 percent to a high of Rs. 141 on the back of steady Q1 performance.

The company's Q1FY16 net profit surged over 20 percent to Rs. 1,367 crore when compared with Rs. 1,137 crore in Q1FY15. Total income was up 17.5 percent at Rs. 4,788 crore from Rs. 4,075 crore.

The stock, however, has now pared gains and is up mere 0.5 percent at Rs. 139. The counter has seen trades of around 49,000 shares so far on the BSE.

Meanwhile, the Sensex is down 24 points at 28,070.