Power Grid Shares Surge 5% as FY26 Capex Guidance Exceeds Expectations

• Power Grid Corporation of India Ltd. shares jumped 5% following updates at its analyst meet.
• The company's FY26 capex and capitalization plans are on track to exceed annual guidance.
• Actual capex for FY26 reached ₹29,200 crore by January 31, surpassing the earlier guidance of ₹28,000 crore.
• Q3 revenue rose to ₹12,395 crore, with profit after tax increasing to ₹4,185 crore.
• The board approved a second interim dividend of ₹3.25 per share for FY26, payable on February 27, 2026.

Why It Matters: Power Grid's strong financial performance and increased capex guidance led to a significant stock rally.