PTC India lost 1.89% to Rs 38.85 at 9:22 IST on BSE as the stock turned ex-dividend today, 7 August 2013, for dividend of Rs 1.60 per share for the year ended 31 March 2013.
Meanwhile, the S&P BSE Sensex was down 42.54 points or 0.23% at 18,690.50.
On BSE, 2,049 shares were traded in the counter as against average daily volume of 1.65 lakh shares in the past two weeks.
The stock hit a high of Rs 39.50 and a low of Rs 38.75 so far during the day.
Before turning ex-dividend, the stock offered a dividend yield of 4.04% based on the closing price of Rs 39.60 on Tuesday, 6 August 2013.
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PTC India's net profit rose 17.6% to Rs 29.67 crore on 39.7% growth in total income to Rs 2778.57 crore in Q1 June 2013 over Q1 June 2012.
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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