PTC India is currently trading at Rs. 92.75, up by 2.40 points or 2.66% from its previous closing of Rs. 90.35 on the BSE.
The scrip opened at Rs. 91.70 and has touched a high and low of Rs. 92.90 and Rs. 91.50 respectively. So far 54388 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.00 on 26-May-2014 and a 52 week low of Rs. 34.70 on 05-Aug-2013.
Last one week high and low of the scrip stood at Rs. 93.85 and Rs. 85.50 respectively. The current market cap of the company is Rs. 2674.44 crore.
The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 64.09% and 19.70% respectively.
PTC India has entered into an agreement with Rashtriya Ispat Nigam (RINL) whereby RINL will purchase 25 MW of electricity from IEX through open access. Indian Energy Exchange (IEX) is a power trading platform in which PTC India is among the leading promoters.
RINL has already started buying 25 MW power from the platform with effect from May 14. However, power from PTC India would be bought as and when power will be available below the import cost from the state grid.
PTC India acts as intermediary between buyer and sellers of power. In case of cross-border trading, the company plays the role of a nodal agency. It offers advisory services for setting up independent power producing plants.
Company Name | CMP |
---|---|
NTPC | 355.75 |
Tata Power | 436.75 |
Power Grid Corp | 292.60 |
Adani Power | 591.70 |
Torrent Power | 1489.95 |
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