PTC India gains after reporting decent Q1 numbers

PTC India was up 1.55% to Rs 78.55 at 11:08 IST on BSE after net profit rose 13.46% to Rs 56.45 crore on 13.53% growth in total income to Rs 3684.05 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 11 August 2016.

Meanwhile, the S&P BSE Sensex was up 281.96 points or 1.01% at 28,141.56.

On BSE, so far 82,000 shares were traded in the counter as against average daily volume of 1.14 lakh shares in the past two weeks. The stock hit a high of Rs 79.25 and a low of Rs 77.25 so far during the day. The stock had hit a 52-week high of Rs 84 on 26 July 2016. The stock had hit a 52-week low of Rs 50.20 on 25 August 2015. The stock had underperformed the market over the past one month till 11 August 2016, sliding 3.79% compared with 0.84% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 20.95% as against Sensex's 8.84% rise.

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

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

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