PTC India jumps after strong Q2 earnings

PTC India jumped 4.57% to Rs 57.15 at 14:06 IST on BSE after net profit rose 38.75% to Rs 61.84 crore on 12.43% increase in total income from operations to Rs 3140.16 crore in Q2 September 2013 over Q2 September 2012.

The result was announced after market hours on Wednesday, 13 October 2013.

Meanwhile, the BSE Sensex was up 228.22 points, or 1.13%, to 20,422.62.

On BSE, 1.82 lakh shares were traded in the counter compared with average volume of 1.61 lakh shares in the past one quarter.

The stock hit a high of Rs 58.40 and a low of Rs 56.55 so far during the day. The stock hit a 52-week high of Rs 81.25 on 22 January 2013. The stock hit a 52-week low of Rs 34.70 on 5 August 2013.

The stock had outperformed the market over the past one month till 13 November 2013, rising 0.18% compared with the Sensex's 1.63% fall. The scrip had also outperformed the market in past one quarter, rising 25.63% as against Sensex's 5.02% rise.

The small-cap company has an 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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