Power Grid Corporation of India reported a 4% year-on-year decline in net profit for the December 2024 quarter to Rs 3,861.63 crore. Total income also saw a slight decrease, while expenses were reduced. The company announced a second interim dividend and approved a significant investment project.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is