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12-Aug2016

PTC India advances as its Q1 net jumps 13%

PTC India is currently trading at Rs. 78.60, up by 1.25 points or 1.62% from its previous closing of Rs. 77.35 on the BSE.

The scrip opened at Rs. 77.55 and has touched a high and low of Rs. 79.25 and Rs. 77.25 respectively. So far 85,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.00 on 25-Jul-2016 and a 52 week low of Rs. 50.20 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 80.80 and Rs. 75.25 respectively. The current market cap of the company is Rs. 2,326.63 crore.

The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 58.79% and 25.00% respectively.

The company has registered 13.47% jump in its net profit at Rs 56.45 crore for first quarter ended June 30, 2016 as compared to Rs 49.75 crore for the same quarter in the previous year. Total income of the company increased by 13.54% at Rs 3684.05 crore for quarter under review as compared to Rs 3244.74 crore for the quarter ended June 30, 2015.

PTC India acts as intermediary between buyer and sellers of power. In case of cross-border trading, the company plays the role of a nodal agency. It offers advisory services for setting up independent power producing plants.



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