PTC India surges after strong Q3 earnings

PTC India jumped 4.08% to Rs 59.90 at 10:56 IST on BSE after net profit jumped 314.9% to Rs 90.78 crore on 47.5% growth in total income to Rs 2771.05 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Friday, 17 January 2014.

Meanwhile, the BSE Sensex was up 137.35 points, or 0.65%, to 21,200.97

On BSE, so far 3.51 lakh shares were traded in the counter compared with average volume of 2.25 lakh shares in the past one quarter.

The stock hit a high of Rs 61.90 and a low of Rs 58.80 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 underperformed the market over the past one month till 17 January 2014, falling 6.95% compared with the Sensex's 2.19% rise. The scrip had, however, outperformed the market in past one quarter, rising 4.73% as against Sensex's 3.17% 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.

Powered by Capital Market - Live News