Power Grid shares fall over 3% after FY27 capex guidance cut
In short
Power Grid shares dropped more than 3% on Tuesday, November 3. The company had lowered its FY27 capitalisation guidance, even though it said Q2 profit went up.
Investors reacted to the weaker guidance more than the profit update. The report does not give the new guidance number or the size of the profit rise.
What the reporting says
Power Grid Corporation of India shares fell over 3% on Tuesday, November 3, after the state-owned utility lowered its capitalisation guidance for FY27. The move came even though the company reported higher Q2 profit, suggesting investors focused on the weaker investment outlook. The reporting does not give the new guidance level or the exact profit figure.
Why it matters
Power Grid Corporation of India saw its shares decline after it cut FY27 capitalisation guidance, even as Q2 profit improved. The stock move suggests markets were more concerned about the lower spending outlook than the earnings beat. The reporting does not specify the revised guidance or how much Q2 profit increased, leaving the scale of the change unclear.