FII boost for Power Trading Corporation

DALAL STREET SPIKES

Power Trading Corporation (PTC) India jumped over 6 per cent from its previous close of Rs 121.85 to touch an intraday high of Rs 132 and settled for a close at Rs 129.40. Over 16 million shares changed hands on the counter during the session.

The two-week average traded quantity stood at just over 4.4 lakh shares. The rally followed Reserve Bank of India's announcement, allowing foreign investors to invest up to 60 per cent of the paid-up capital in the company.