PTC India jumped 4.75% to Rs 52.90 at 9:34 IST on BSE after the company said it received Rs 778 crore from UP Power Corporation towards past outstanding dues against purchase of power from the company.
The announcement was made before trading hours today, 9 October 2013.
Meanwhile, the BSE Sensex was down 82.75 points, or 0.41%, to 19,900.86.
On BSE, 1.73 lakh shares were traded in the counter compared with average volume of 1.27 lakh shares in the past one quarter.
The stock hit a high of Rs 54.15 and a low of Rs 52.10 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 8 October 2013, rising 8.84% compared with the Sensex's 3.70% rise. The scrip had also outperformed the market in past one quarter, gaining 3.48% as against Sensex's 3.41% rise.
The small-cap company has an equity capital of Rs 296.01 crore. Face value per share is Rs 10.
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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