PTC India drops ex-dividend

PTC India fell 3.34% to Rs 56.50 at 9:18 IST on BSE after the stock turned ex-dividend today, 16 September 2015 for dividend of Rs 2.20 per share for the year ended 31 March 2015.

Meanwhile, the BSE Sensex was up 198.46 points, or 0.77%, to 25,904.39

On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 2.08 lakh shares in the past two weeks.

The stock hit a high of Rs 57 and a low of Rs 56.40 so far during the day. The stock hit a 52-week high of Rs 104.75 on 18 November 2014. The stock hit a 52-week low of Rs 50.20 on 25 August 2015.

The small-cap company has an equity capital of Rs 296.01 crore. Face value per share is Rs 10.

Ahead of turning ex-dividend, the PTC India stock offered dividend yield of 3.76% based on the scrip's closing price of Rs 58.45 on BSE yesterday, 15 September 2015.

PTC India's net profit rose 9.6% to Rs 47.93 crore on 10.7% fall in sales to Rs 3293.24 crore in Q1 June 2015 over Q1 June 2014.

PTC India provides power trading solutions in India. Its primary focus is to develop a commercially vibrant power market in the country.

Powered by Capital Market - Live News