Transmission constraints, low demand puncture PTC India volumes
Currently PTC India depends on short-term trades for half of its trading volumes and the market for such transactions is weak
The belief that PTC India Ltd’s trading volumes may be on a structural uptrend has proved short-lived. After rising 20% in the first half of the previous fiscal year, volumes plunged 17% in the March quarter. In the December quarter, they were down nearly 6%. The consecutive drop in quarterly volumes came as a negative surprise, triggering a sell-off in the stock.