Power Grid shares: Why can Monday be a selling day for Maharatna stock?

The CBI detained Uday Kumar, the general manager of Power Grid Corporation of India, for taking a bribe of ₹2.5 lakh, making Power Grid Corporation of India Ltd. newsworthy. Investor opinion regarding Power Grid's stock on Monday may be impacted by the occurrence. According to a Central Bureau of Investigation (CBI) press release, Uday Kumar, a senior general manager at Power Grid Corporation of India, accepted a bribe from a Mumbai-based firm executive in exchange for favors for the company. The senior general manager and executive were taken into custody from Sikar, Rajasthan.