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PTC India declines as Citigroup offloads bulk shares

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PTC India lost 1.57% to Rs 66 at 13:53 IST on BSE after Citigroup Global Markets Mauritius sold 20.64 lakh shares of the company at an average price of Rs 66.61 per share in a bulk deal on the NSE yesterday, 26 November 2015.

Meanwhile, the S&P BSE Sensex was up 116.32 points or 0.45% at 26,074.95.

On BSE, so far 80,000 shares were traded in the counter as against average daily volume of 2.41 lakh shares in the past one quarter.

The stock hit a high of Rs 67.80 and a low of Rs 65.85 so far during the day. The stock had hit a 52-week low of Rs 50.20 on 25 August 2015. The stock had hit a 52-week high of Rs 101.90 on 2 February 2015.

 

The stock had outperformed the market over the past one month till 26 November 2015, gaining 1.13% compared with the Sensex's 5.13% fall. The scrip had also outperformed the market in past one quarter, advancing 21.03% as against Sensex's 0.95% rise.

The small-cap company has equity capital of Rs 296.01 crore. Face value per share is Rs 10.

PTC India's net profit rose 4.5% to Rs 100.66 crore on 17% decline in net sales to Rs 3479.91 crore in Q2 September 2015 over Q2 September 2014.

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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First Published: Nov 27 2015 | 1:54 PM IST

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