Stock below Rs 100: Dont miss action in this smallcap power stock that has announced final dividend with a record date!

On the BSE today, shares saw a spurt in volume by more than 1.01 times.

PTC India Ltd shares jumped today by 2.18 per cent to Rs 86.95 per share, up from its previous close of Rs 85.10 per share. On the BSE today, shares saw a spurt in volume by more than 1.01 times.

Recently, the company announced a final dividend for the financial year 2022–23 of Rs 5.80 per equity share, including an interim dividend of Rs 2 per equity share, making it the highest-ever dividend declared by the company. The corporation verified that the record date for the final dividend pay-out is January 16, 2023. 

PTC India Ltd was established in 1999 by the Government of India as a public-private initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC). 

Taking financials into consideration, PTC India Ltd is a smallcap company having a market cap of Rs 2519.03 crore. According to annual financial statements, in FY22 the net profit increased by 20.68 per cent to Rs 552.37 crore compared to Rs 457.70 crore in FY21. Investors should keep an eye on this stock.