PTC India is currently trading at Rs. 58.15, up by 1.95 points or 3.47% from its previous closing of Rs. 56.20 on the BSE.
The scrip opened at Rs. 57.75 and has touched a high and low of Rs. 58.40 and Rs. 56.35 respectively. So far 123270 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.25 on 22-Jan-2013 and a 52 week low of Rs. 52.40 on 24-May-2012.
Last one week high and low of the scrip stood at Rs. 64.10 and Rs. 56.00 respectively. The current market cap of the company is Rs. 1712.41 crore.
The promoters holding in the company stood at 16.22% while Institutions and Non-Institutions held 63.42% and 20.36% respectively.
PTC India, which is hopeful of maintaining growth in FY14, has recorded its 1st year when tolling contributed to overall units. The company, which received Rs 375 crore from Tamil Nadu electricity board last year, is expecting to recover all the outstanding dues from Tamil Nadu, Uttar Pradesh (UP) this year.
Further, the company expects TN’s State Electricity Board (SEB) to clear all its dues in coming 2-3 months. PTC’s dues from Uttar Pradesh sum to about Rs 420 crore as of now, while it amounts Rs 400 crore from Tamil Nadu.
PTC 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 | 334.70 |
Tata Power | 401.00 |
Power Grid Corp | 314.20 |
Adani Power | 504.05 |
Torrent Power | 1498.00 |
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