PTC India zooms over 6 pc to hit a year high on BSE
PTC India today climbed over 6% to hit a one-year high, a day after RBI classified its financial services arm as an infrastructure finance co.
By PTI |
MUMBAI: PTC India today climbed over 6 per cent to hit a one-year high on the Bombay Stock Exchange, a day after RBI classified its financial services arm as an infrastructure finance company.
Shares of the power trading solutions company soared 6.1 per cent to a 52-week high of Rs 126 on BSE.
On National Stock Exchange, shares of PTC zoomed 5.8 per cent to Rs 125.70 in morning trade.
However, the broader market Sensex was trading weak at 18,364.92, down 0.24 per cent over the previous close.
PTC India Financial Services (PFS), which is promoted by PTC India to provide total financial services to entities in energy value chain, has been classified as infrastructure finance company within overall classification of Non Banking Finance Company (NBFC) by the Reserve Bank of India.
The status given to the company would allow it mobilise funds at lower cost and get flexibility in the infrastructure lending.
Shares of the power trading solutions company soared 6.1 per cent to a 52-week high of Rs 126 on BSE.
On National Stock Exchange, shares of PTC zoomed 5.8 per cent to Rs 125.70 in morning trade.
However, the broader market Sensex was trading weak at 18,364.92, down 0.24 per cent over the previous close.
PTC India Financial Services (PFS), which is promoted by PTC India to provide total financial services to entities in energy value chain, has been classified as infrastructure finance company within overall classification of Non Banking Finance Company (NBFC) by the Reserve Bank of India.
The status given to the company would allow it mobilise funds at lower cost and get flexibility in the infrastructure lending.
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