Power Grid shares rose sharply, extending their two-day rally after the PSU raised its FY26 capex and capitalisation guidance. Strong Q3 results, higher government investment plans, and bullish technical indicators have boosted investor sentiment, with the stock trading above key moving averages and showing further upside potential.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj