PTC India Financial Services (PFS) is currently trading at Rs. 41.45, up by 1.10 points or 2.73% from its previous closing of Rs. 40.35 on the BSE.
The scrip opened at Rs. 41.00 and has touched a high and low of Rs. 42.20 and Rs. 40.40 respectively. So far 520700 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.75 on 18-Jan-2017 and a 52 week low of Rs. 33.60 on 30-Mar-2016.
Last one week high and low of the scrip stood at Rs. 42.20 and Rs. 38.80 respectively. The current market cap of the company is Rs. 2681.53 crore.
The promoters holding in the company stood at 64.99%, while institutions and non-institutions held 11.70% and 23.30% respectively.
PFS has successfully divested its entire stake in Indian Energy Exchange (IEX) for an amount of Rs 132.54 crore. Prior to the sale, PFS’ investment in IEX stood at Rs 1.52 crore. IEX provides power trading platform for electricity trade in India.
PFS continues to maintain a strong focus on growing its loan book and quality thereof, supported by increased focus on renewable energy and diversification in infrastructure space. The current divestment of equity investment will provide headroom for growth and the company shall leverage the same to scale up its lending activity and achieve sustained growth.
PFS is a non-banking finance company promoted by PTC India. PFS has been granted the status of an Infrastructure Finance Company (IFC) by the Reserve Bank of India. The Company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS also provides fee based services viz loan syndication and underwriting etc.