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Shares of this multibagger Public Sector Undertaking (PSU) stock jumped approximately 3 percent in Monday’s trading session after a BlackRock-managed Fund bought around 66 lakh equity shares via a Bulk Deal. In the last month, the company’s stock gained nearly 20 percent for its holders. 

With a market capitalization of Rs 6,725.31 crores, the stocks of PTC India Limited started their trading session on Monday at Rs 231.05 and currently trades at Rs 226, gaining approximately 3 percent compared to the previous closing level of Rs 219.80 apiece. 

Such bullish share price movements were witnessed today after a BlackRock-managed Fund bought a stake in the PSU company on Friday, 19th April 2024. 

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According to the Bulk Deal data available with the National Stock Exchange (NSE), two of the Funds managed by BlackRock, viz, “Ishares Global Clean Energy ETF” and “Ishares Global Clean Energy Ucits ETF”, bought around 27.50 lakh shares and 38.67 lakh shares of PTC India Limited respectively at an average trading price of Rs 217.53 per share. 

On the other end, “BNP Paribas Arbitrage” sold approximately 16.18 lakh equity shares of the company at an average trading price of Rs 215.88 per share. 

During the recent financial quarters, the company’s prime indicators of business, viz, its operating revenues as well as after-tax profits, witnessed a dip in numbers with the former reducing from Rs 5,203 crores during Q2FY24 to Rs 3,472 crores during Q3FY24, and the latter, keeping the horizon the same, shifted down from Rs 202 crores to Rs 97 crores. 

In addition to the above, the company’s ratio analysis portrays the return ratios, viz, the return on equity (RoE) as well as the return on capital employed (RoCE), were reported at decent numbers during FY22-23 with the former reported at 9 percent and the latter at 12 percent. 

Keeping a purview of the last one year, the company’s stock delivered multibagger returns of around 144 percent, i.e., if someone had invested Rs 1 lakh into the company’s stock a year ago, it would have converted to Rs 2.44 lakhs. 

PTC India Limited is a holding company that is involved in the business of trading electricity and offering power trading solutions in India. Deriving a majority of its revenue from domestic

operations, the company’s operations include investing in equity or extending debt to power projects in generation, distribution, fuel resources, and fuel-related infrastructure. 

Written by Amit Madnani 

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