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Power Grid shares surge 7% after PSU power company raises FY26 capex guidance to Rs 32,000 crore
Power Grid shares saw a sharp surge on Monday after the PSU raised its FY26 capex guidance to Rs 32,000 crore and increased capitalisation targets, signalling strong execution visibility. The company posted an 8% YoY rise in Q3 net profit to Rs 4,185 crore, with revenue up 10% and expenses moderating sequentially.
Sources: Economic Times - Markets (English), Hindu, NDTV +13 more
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