Hot Pursuit     07-Aug-13
PFS slips to 52-week low
PTC India Financial Services tumbled 4.36% to Rs 10.30 at 13:06 IST on BSE as the stock turned ex-dividend today, 7 August 2013, for dividend of 40 paise per share for the year ended 31 March 2013.

Meanwhile, the S&P BSE Sensex was down 24.13 points or 0.13% at 18,708.91.

On BSE, 90,000 shares were traded in the counter as against average daily volume of 83,564 shares in the past one quarter.

The stock hit a low of Rs 10.15 so far during the day, which is also its 52-week low for the counter. The stock hit a high of Rs 10.60 so far during the day. The stock had hit a 52-week high of Rs 20.28 on 27 November 2012.

The stock had underperformed the market over the past one month till 6 August 2013, sliding 19.87% compared with the Sensex's 3.91% fall. The scrip had also underperformed the market in past one quarter, declining 22.46% as against Sensex's 4.78% fall.

The small-cap company has equity capital of Rs 562.08 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.71% based on the closing price of Rs 10.77 on Tuesday, 6 August 2013.

PTC India Financial Services' (PFS) net profit rose 6.6% to Rs 24.46 crore on 43% growth in total income to Rs 86.22 crore in Q1 June 2013 over Q1 June 2012.

PFS is promoted by PTC India as a special purpose investment vehicle to provide total financial services to the entities in energy value chain, which inter-alia includes investing in equity and/or extending debt to power projects in generation, transmission, distribution; fuel sources, fuel related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers and EPC contractors etc. PFS also provides non-fund based financial services adding value to green field and brown field projects at various stages of growth and development.

Previous News
  PTC India Financial Services consolidated net profit declines 27.29% in the June 2023 quarter
 ( Results - Announcements 28-Jul-23   15:21 )
  PTC India Financial spurts as Andhra HC directs DISCOM to clear dues
 ( Hot Pursuit - 17-Mar-22   10:22 )
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 ( Corporate News - 04-Jan-21   09:23 )
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 ( Corporate News - 29-Aug-16   16:01 )
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 ( Corporate News - 26-May-22   12:58 )
  PTC India Financial Services to hold board meeting
 ( Corporate News - 02-Aug-16   16:22 )
  PTC India Financial Services standalone net profit rises 27.10% in the September 2014 quarter
 ( Results - Announcements 14-Nov-14   15:47 )
  PTC India Financial Services announces appointment of nominee director
 ( Corporate News - 22-Sep-16   18:19 )
  PTC India Financial Services to receive IT refund of Rs 53.85 cr
 ( Corporate News - 25-Mar-22   18:14 )
  PTC India Financial Services standalone net profit declines 65.90% in the March 2015 quarter
 ( Results - Announcements 26-May-15   09:46 )
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