PTC India Financial Drops to 4-Year Low After Swinging To Loss In Q4

Gold Silver Reports (GSR) – PTC India Financial Drops to 4-Year Low After Swinging To Loss In Q4 – Shares of the Delhi-based investment special purpose vehicle of PTC India fell 13 percent, the most in six months, to Rs 21.85, its lowest level in four years after reported loss in the March quarter.

Key earnings highlights:

Net loss at Rs 110.43 crore versus profit of Rs 109.76 crore (YoY)
Revenue at Rs 291 crore versus Rs 432 crore (YoY)


Market Check: Mid-Cap, Small-Cap Indices Erase Gains – Mid- and small-cap indices on the BSE erased intraday gains. The S&P BSE SmallCap index fell 0.3 percent dragged by weakness in PTC India Financial Services, Reliance Naval, PC Jeweller and Ruchi Soya.

The S&P BSE MidCap index declined 0.5 percent dragged by weakness in Tata Global Beverages, Reliance Power, Reliance Infrastructure, Vakrangee and Reliance Capital.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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