PTC India gains on being assigned ‘A+/ Stable’ rating to proposed NCD by CRISIL

PTC India Financial Services is currently trading at Rs. 14.25, up by 0.06 points or 0.42 % from its previous closing of Rs. 14.19 on the BSE.

The scrip opened at Rs. 14.30 and has touched a high and low of Rs. 14.35 and Rs. 14.15 respectively. So far 114754 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.49 on 17-May-2013 and a 52 week low of Rs. 9.50 on 22-Aug-2013.

Last one week high and low of the scrip stood at Rs. 14.70 and Rs. 13.70 respectively. The current market cap of the company is Rs. 802.09 crore.

The promoters holding in the company stood at 60.00 % while Institutions and Non-Institutions held 21.96 % and 18.04 % respectively.

Credit rating agency, CRISIL has assigned its highest rating of ‘A1+’ to the proposed Short Term Debt Programme including Commercial Paper of PTC India Financial Services. The credit rating agency has also assigned ‘A+/Stable’ rating to the proposed Non-Convertible Debenture (NCD) of the company.

PTC India Financial Services continues to maintain a strong focus on growing its loan book, backed by emphasis on renewable energy and diversification across the energy value chain. The company maintains a diversified borrowing mix and is adequately funded to scale up its lending activity and achieve sustained growth. The current equity investment exit will further aid headroom for growth.