PTC India's Stock Sees Dip, But Remains a Strong Buy with High Dividend Yield

PTC India, a leading trading company in the midcap industry, has recently faced a dip in its stock price. On September 19, 2024, the company's stock saw a decline of -5.86%, underperforming the sector by -5.21%. However, despite this recent setback, MarketsMOJO has given a 'Buy' call for PTC India's stock.

Taking a closer look at the price summary, we can see that the stock has been on a downward trend for the past three days, with a fall of -7.99% during this period. It also opened with a loss of -3.21% today and touched an intraday low of Rs 222.8 (-6.03%). However, the stock's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long run.

In addition, PTC India's stock currently has a high dividend yield of 3.29%, making it an attractive option for investors looking for stable returns. Despite the recent dip, the company's stock has outperformed the Sensex's performance in the past month, with a 6.59% increase compared to the Sensex's 3.81%.

Overall, PTC India remains a strong player in the trading industry, with a positive long-term outlook. With a 'Buy' call from MarketsMOJO and a high dividend yield, it presents a promising opportunity for investors.