PTC India gains on Q2 profit growth, margin expansion
** PTC India PTCI.NS climbs as much as 4.67% to 179.38 rupees
** Power finance company posts 12.3% y/y rise in Q2 consolidated net profit to 1.46 bln rupees
** Rev from ops rises ~1.2% y/y; profit margins expand to 6% from 5.8%
** PTCI among the only three gainers on Nifty High Beta 50 index .NIFTYHBI, which is a compilation of 50 stocks listed on NSE with high beta - a measure of sensitivity of stock returns to Nifty 50 .NSEI returns
** Stock down 8% YTD, underperforming NSEI's 9.13% rise
** In 2023, PTCI added 134% vs Nifty 50's 20% gains to enter the high beta 50 index
Reporting by Bharath Rajeswaran in Bengaluru
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