Stocks to Watch, 8 August: Stocks like Titan Company, Bharti Airtel, Biocon, Cummins India, BSE, Life Insurance Corporation, KRBL, Metropolis Healthcare, Kalpataru Projects International, Godrej Consumer Products, Kalyan Jewellers, and CE Info Systems will be in focus on August 8.
NHPC, NTPC, Power Grid and Power Finance Corporation each held 4.05% stake in PTC India, as at the end of the March quarter.
Stocks to Watch, 27 May: Stocks like InterGlobe Aviation IndiGo, KEC International, PG Electroplast, India Pesticides, Sagility India, 360 ONE WAM, Aurobindo Pharma, Bayer Cropscience, Blue Dart Express, Shilpa Medicare, General Insurance Corporation of India, Maharashtra Seamless, Lumax Industries, Amber Enterprises India, KFin Technologies, Dabur India, and Borana Weaves will be in focus on May 27.
Stocks To Watch, Feb 13: Stocks like Bharat Forge, Landmark Cars, Endurance Technologies, Balaji Amines, SKF India, IIFL Finance, Godawari Power & Ispat, PTC India, Suven Pharmaceuticals, SH Kelkar and Company, ITD Cementation India, Godrej Industries, Crompton Greaves Consumer Electricals, and Tata Power Company will be in focus on February 13.
The SAT ruling declared, 'We are of the view that all allegations against the appellant are baseless'
Mishra has suffered the order for about 6 months for no fault, says SAT
Stocks like Oil and Natural Gas Corporation, Indian Energy Exchange, Nitiraj Engineers, Kore Digital, Hero MotoCorp, PTC India, HG Infra Engineering, Thyrocare Technologies, Max Healthcare Institute, and Deepak Nitrite will also be in focus on December 4.
Stocks like Bosch, MedPlus Health Services, PNC Infratech, Sula Vineyards, Gujarat State Fertilizers & Chemicals, DCX Systems, PTC India, Repco Home Finance, and Varun Beverages will also be in focus on November 13.
The Nifty 50 is likely to trend higher and hit new highs amid consolidation. Below are some trading ideas for the near term.
The non-banking financial subsidiary of PTC India has been under a regulatory scanner for over two years since three independent directors resigned from the company’s board flagging concerns over corporate governance issues on January 19, 2022.
The earnings per share (EPS) of the company increased to Rs 5.87 in Q1 FY25 compared to Rs 4.39 in Q1 FY24.
The appellate has scheduled the next hearing on August 2.
PTC India said former CMD Rajib Mishra would cease to continue as CMD of the company while its subsidiary PTC India Financial Services also informed about his discontinuation as non-executive director. Mishra held positions in both PTC India and PTC India Financial Services.
Rajib Kumar Mishra is CMD of PTC India and non-executive chairman of PFS; the order effectively means he will have to step down from these positions.
Lodha, who joined PFS as Director (Finance) in June 2020, was given the additional charge of MD and CEO after the previous CEO, Pawan Singh, stepped down following a Reserve Bank of India (RBI) directive.