The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses.

SAT stays Sebi order against former PTC India CMD Rajib Kumar Mishra

Former PTC India Chairman and Managing Director Rajib Kumar Mishra will move the Securities Appellate Tribunal (SAT) against market regulator Sebi’s order to debar him from being a director in a listed entity for six months.

Former PTC India CMD Rajib Mishra to move SAT against Sebi’s order

The investigation began after the resignation of three Independent Directors from PFS and one from PTC India Ltd.

SEBI Imposes Bans, Penalties On Former PFS Executives Over Corporate Governance Lapses

The decision to recover the dues was taken after the board received legal opinion affirming the same.

PTC India Financial’s Former CEO And Chairman Asked To Return Nearly Rs 50 Lakh

The enterprise value of PTC Energy includes Rs 925 crore bid of the ONGC as well as over Rs 1,100 crore debt component which will be transferred to the oil company after the transaction is complete

PTC India to Be Debt-Free After Divestment of PTC Energy to ONGC, Says CMD - News18

The company had invited bids for selling a 100 per cent equity stake in PTC Energy. ONGC emerged as the successful bidder with a cash bid of Rs 925 crore. PTC Energy was established in August 2008 as a subsidiary of PTC India to play a pivotal role in India’s emerging energy sector through asset-ba…

PTC India To Divest 100 % Equity In PTC Energy For Rs 2,021 Cr Enterprise Value

Midcap Spotlight | PTC India surges in trade after its board approves acquisition of power generation arm by ONGC (@ONGC_).  Vivek Iyer highlights the deal and its impact on Midcap Spotlight.

#ptc #ptcindia #ptcstock #ptcenergy #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

Read More: http://www.cnbctv18.com/market/ptc-india-share-price-soars-after-board-approves-acquisition-of-power-generation-arm-by-ongc-18109061.htm

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PTC India Surges In Trade After Its Board Approves Acquisition Of Power Generation Arm By ONGC

Total income of the company rose to ₹4,863.46 crore in the quarter under review, from ₹4,310.74 crore in the same period a year earlier.

PTC India net rises 5.62% to ₹143 cr. in June quarter

Moreover, he stated that the company is actively exploring avenues to monetize its wholly-owned subsidiary, PTC Energy Ltd, and has received expressions of interest from various leading corporates.

PTC India Q1 Results: Net rises 5.6% to Rs 143 cr

The consolidated net profit of the company stood at Rs 135.10 crore in the quarter ended on June 30, 2022, the company said in a regulatory filing.

PTC India net up 5.62% to Rs 143 crore in June quarter

PTC India is planning to provide round-the-clock (RTC) power offerings by “blending” green energy with thermal, its CMD Rajib Kumar Mishra has said. The offerings will also include storage solutions, the official made the remarks at the company’s 24th Annual Day in the national capital.

PTC India plans to provide 24x7 power trading solutions: PTC India CMD

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

PTC India Limited (PTC) is a holding company engaged in the business of power trading and investment.

PTC India Ltd