New Delhi, July 24 -- Small-cap stock PTC India rallied nearly 9% in intraday deals on Thursday, July 24, as investors cheered the power regulator's decision to implement market coupling from next year onwards. While this move elicited a sharp drop in IEX share price, which entered into a free fall, it gave PTC India investors a reason to cheer.

PTC India share price jumped as much as 8.80% on the BSE to Rs.206.90 apiece in intraday deals today. This rally holds prominence as it comes despite a crash in the Indian stock market, as Sensex and Nifty lost nearly 0.70% each.

According to analysts, IEX's loss is PTC India's gain!

Avinash Gorakshkar, a SEBI-registered fundamental analyst, said the recent decline in IEX shares can be attribut...