PTC India rises nearly 5% after investor Mathew Cyriac buys stake

PTC India

12/04/2023 08:12

** Shares of PTC India Ltd  PTCI.NS   rise as much as 4.9%,
their biggest intraday gain in a week, to 95.35 rupees
    ** Rise in power finance company comes after investor Mathew
Cyriac adds over 6.05 mln shares, aggregating to 2.04% stake in
PTCI, according to data from National Stock Exchange
    ** Mathew Cyriac, a former Blackstone executive, currently
runs private investment firm Florintree Advisors
    ** Stock is active in Wednesday's session with trading
volume at 2.6 mln shares as of 12:36 p.m. IST, nearly 3x the
30-dy avg of 971,070 shares - Refinitiv data




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))