PTC INDIA Share Price Up by 6%; BSE POWER Index Up 1.5%

Tue, 23 Mar 09:50 AM

PTC INDIA share price has zoomed 6% and is presently trading at Rs 85.

Meanwhile, the BSE POWER Index is at 2,585 (up 1.5%).

Among the top Gainers in the BSE POWER Index today are PTC INDIA (up 5.8%) and ADANI TRANSMISSION (up 7.6%).

GMR INFRA (down 0.2%) and NTPC (down 0.5%) are among the top losers today.

Over the last one year, PTC INDIA has moved up from Rs 34 to Rs 85, registering a gain of Rs 50 (up 146.1%).

On the other hand, the BSE POWER has moved up from 1,332 to 2,585, registering a gain of 1,253 points (up 94.0%) during the last 12 months.

The top buzzing stocks among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 315.6%), ADANI POWER (up 276.5%) and RELIANCE INFRA (up 244.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,115 (up 0.4%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 1.7%), MARUTI SUZUKI (up 1.5%) and AXIS BANK (up 1.1%). Other gainers include HDFC BANK (up 1.0%) and NESTLE (up 0.9%). The most traded stocks in the BSE Sensex are ITC and SBI.

In the meantime, NSE Nifty is at 14,844 (up 0.4%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 3.8%), TATA MOTORS (up 2.6%) and INDUSIND BANK (up 2.1%). Other gainers include SHREE CEMENT (up 1.6%) and DIVIS LABORATORIES (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 28,288 to 50,115, registering a gain of 21,827 points (up 76.66%).

PTC INDIA Financial Update...

PTC INDIA net profit down at Rs 478 million for the quarter ended March 2020, compared to a loss of Rs 583 million a year ago. Net Sales rose 4.9% to Rs 36.3 billion during the period as against Rs 34.6 billion in January-March 2019.

For the year ended March 2018, PTC INDIA reported 20.1% decrease in net profit to Rs 4.0 billion compared to net profit of Rs 5.1 billion during FY17.

Revenue of the company grew 28.3% to Rs 196 billion during FY18.

The current Price to earnings ratio of PTC INDIA, based on rolling 12 month earnings, stands at 8.2x.

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