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PTC India Share Price : The country’s power trading company PTC India Ltd (PTC India Ltd) was facing heavy pressure for the last 1 year. But as soon as the news of the country’s richest businessman Gautam Adani joining this company came to the fore, the stock of this company touched the upper circuit with a jump of 15 per cent within 3 days. Know what is special..
5 percent upper circuit on the third day
Shares of PTC India (PTC India Share) have touched the upper circuit of 5 per cent for the third consecutive day today. There is a discussion in the media reports that Gautam Adani can buy a stake in it. Only after that this stock has climbed up by 15 per cent in 3 days. Government power companies also have investment in this company. Along with Adani, many other companies are planning to buy stake in it.
Ready to sell 4 percent stake
Adani Group is expected to buy its stake in PTC India. The promoter companies of PTC India include NTPC Limited, NHPC Limited, Power Grid Corporation of India and Power Finance Corporation. All these companies are ready to sell their 4 per cent stake.
Know how much the stock has gained
Shares of PTC India opened at Rs 94.90 with a gain of 3.38 per cent on Wednesday and then gained 4.96 per cent to reach Rs 96.35. The stock is trading above its 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Within the last 1 year, the share of PTC India has registered a decline of 11.12 percent. This year it has increased by 18.8 percent. The market cap of this company has been Rs 2,852.04 crore.
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