Adani group recently cancelled a Rs 7,017 crore coal plant purchase and shelved plans to bid for a stake in power trader PTC India.

Adani Enterprises, Adani Ports, other Adani group shares in focus today on suspension of Rs 34,900 crore Gujarat project

The evolving Indian power market, in which the behaviour of the market participants resulted in heightened volatility, recently has validated the need for market makers to equip themselves with tools and solutions to support their decision making.

PTC India, N-Side sign pact to develop predictive solution for Indian power market

With a dividend yield of 11.2 per cent, the oil marketing company emerged as the first choice of Religare Broking among the top PSU majors. It was followed by the Steel Authority of India (SAIL), REC, NMDC, PTC India, National Aluminium Company (NALCO), Power Finance Corporation (PFC), Coal India, O…

High dividend-paying stocks: Religare Broking picks these 10 PSU shares for solid returns

The Adani Group, which was also widely expected to participate in the bidding process, has not submitted an EoI, the people said. Five public sector undertakings, including four promoter firms of PTC India, are planning to sell their stake in the power trading company that is hit by a controversy ov…

Tata Power, 3 others in fray for PTC India stake

Adani power: A representative for the Adani Group said the company had not bid for PTC nor contemplated doing so

Gautam Adani decides against bid for stake in power trader PTC India

State-owned entities NTPC Ltd., NHPC Ltd., Power Grid Corp. of India and Power Finance Corp. have been working with an adviser to weigh selling their stakes of 4% each in PTC India, people familiar with the matter have said.

Adani against bid for stake in power trader PTC India: Report

Power trading solution provider PTC India has posted 66 per cent rise in consolidated net profit at Rs 104.48 crore for December quarter 2022-23.

PTC India December-quarter consolidated net profit up 66% to Rs 104 crore

PTC India Fin Consolidated December 2022 Net Sales at Rs 194.31 crore, down 15.06% Y-o-Y

PTC India Fin Standalone December 2022 Net Sales at Rs 194.31 crore, down 15.06% Y-o-Y

PTC India shares hit a 5 per cent upper circuit limit at Rs 105.65 on BSE. The scrip has jumped 16 per cent in three sessions. Stock exchanges have sought clarification from the company regarding the recent news flow.

PTC India shares hit 5% upper circuit limit, gain for 3rd day on stake sale reports

PTC India had recently said it was not aware of any development of stake sale by the promotor companies. The company also issued a clarification to the stock exchanges on similar media reports on December 19.

PTC India shares climb 5%, reclaim Rs 100 level today. Here’s why

Price return has been average, nothing exciting

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

The stock has a moderate number of red flags

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