PTC India fell 2.02% to Rs 99.60 at 12:13 IST on BSE, with the stock reversing direction after hitting 52-week high in intensely volatile trade.
Meanwhile, the BSE Sensex was down 93.43 points, or 0.37%, to 25,490.26
On BSE, so far 6.77 lakh shares were traded in the counter compared with average volume of 3.68 lakh shares in the past one quarter.
The stock saw high intraday volatility. The stock rose as much as 2.7% to hit a 52-week high of Rs 104.40 in intraday trade today, 11 June 2014. The stock fell as much as 3.59% at the day's low of Rs 98 so far during the day. 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 10 June 2014, surging 50.59% compared with the Sensex's 11.26% rise. The scrip had also outperformed the market in past one quarter, jumping 61.61% as against Sensex's 16.64% rise.
The mid-cap company has an equity capital of Rs 296.01 crore. Face value per share is Rs 10.
Macquarie Emerging Markets Asian Trading Pte bought 15.76 lakh shares or 0.53% stake in PTC India at an average price of Rs 100.58 per share in a bulk deal on NSE on Tuesday, 10 June 2014.
PTC India's net profit jumped 86.1% to Rs 68.91 crore on 30% growth in total income to Rs 2860.71 crore in Q4 March 2014 over Q4 March 2013.
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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