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Power Trading Corporation: What to do?
(Apr 7, 2004)Power Trading Corporation (PTC) finally got listed on the bourses today at more than double the offer price (Rs 14 to Rs 16). Since the power sector is expected to grow at faster rate in India (due to the reform measures initiated by the government), investors have shown large interest for the scrip, as a result, the offer got oversubscribed around 47 times overall. While other reasons for the enthusiasm can be returns that stock markets have given over last one year, the low price of stock as c
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