Tata Adani: Tata-Adani Group’s focus on this company, tussle over stake, company’s stock now down – Share Market Share News Gautam Adani and Ratan Tata may buy stake in PTC India

Tata Adani: The stock of this company is creating a ruckus in the market. Investors are keeping a close watch on this stock.

New Delhi : power trading company ptc india (PTC India) Stock currently on the market (Share Market) To smolder There is a lot of upper circuit in this stock (Upper Circuit) Investors are paying attention to this stock. On January 19, 2023, this stock hit an upper circuit of 5 per cent for the third consecutive day. The stock had closed at Rs 105.70 yesterday. Earlier on Tuesday and Wednesday, the shares of PTC India hit an upper circuit of 5-5 per cent. There are many developments regarding this company outside the stock market. Experts say that this is the result.

According to media reports, Gautam Adani is the richest person in India and Asia. (Gautam Adani) and Tata Power (Tata Power) Insisting on taking part in it. Adani Group (Adani Group) This company wants to buy shares. Sources said that the company has planned for this.

Adani is among the top 5 richest people in the world. According to the Bloomberg Billionaires Index, his net worth is $119 billion. The promoter companies of PTC India include PTC Limited, NHPC Limited, Power Grid Corporation of India and Power Finance Corporation. All these companies are preparing to sell their 4 per cent stake.

PTC India’s stock has seen the biggest jump this year. The stock has jumped more than 30 per cent so far. This stock is growing at the moment. The stock is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Last year PTC India shares saw a fall of 11.12%. Although this year it has increased by 18.8 percent. The market capitalization of this company is Rs 2,852.04 crore. The company’s net profit fell 32.26 per cent in the July-September quarter.

Now the total profit of this company is Rs.119.79. Last year the profit of this company was Rs 177.11 crore in the same quarter of previous year. Shares of PTC India opened at Rs 105.70 along with upper circuit on Thursday. Thereafter, it showed a continuous bullish session. The stock has gained over 20 per cent in the last six months.

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