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PTC India Plunges 5%; BSE POWER Index Down 2.2%
Thu, 21 Nov 10:59

PTC India Plunges 5%; BSE POWER Index Down 2.2%Image source: asbe/www.istockphoto.com

PTC India share price has plunged 5% and is presently trading at Rs 160.3.

Meanwhile, the BSE POWER index is at 7,149.6 (down 2.2%).

Among the top losers in the BSE POWER index today are ADANI ENERGY SOLUTIONS (down 20.0%) and ADANI GREEN ENERGY (down 18.8%).

Power Grid Corp. (up 1.5%) and ABB (up 0.3%) are among the top gainers today.

Over the last one year, PTC India has moved up from Rs 159.6 to Rs 160.3, registering a gain of Rs 0.7 (up 0.4%).

On the other hand, the BSE POWER index has moved up from 4,654.7 to 7,149.6, registering a gain of 53.6% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 90.5%), Siemens (up 85.1%) and KEC INTERNATIONAL (up 63.9%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,056.3 (down 0.7%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 20.0%) and SBI (down 4.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,333.8 (down 0.8%). Adani Enterprises and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,655.2 to 77,056.3, registering a gain of 11,401.2 points (up 17.4%).

PTC India Financial Update...

PTC India net profit grew 8.9% YoY to Rs 1,625 million for the quarter ended September 2024, compared to a profit of Rs 1,492 million a year ago. Net sales rose 1.2% to Rs 51,280 million during the period as against Rs 50,695 million in July-September 2023.

For the year ended March 2024, PTC India reported 0.3% decrease in net profit to Rs 4,836 million compared to net profit of Rs 4,848 million during FY23. Revenue of the company grew 7.0% to Rs 167,632 million during FY24.

The current Price to earnings ratio of PTC India, based on rolling 12 month earnings, stands at 9.4.

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