INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Updated: May 24, 2018, 10.06 AM ISTSharekhan has a hold call on PTC India Ltd
with a target price of Rs 95
The current market price of PTC India Ltd
is Rs 81.6.Time period given by the brokerage is a year when PTC India Ltd
price can reach defined target
PTC India Ltd., incorporated in the year 1999, is a mid-cap company with a market cap of Rs 2397.67 crore
Investment rationale by SharekhanThe management has given a steady volume growth outlook, driven by signing of new PPA and commission of
However, the shift of volumes towards short-term volume (currently 53% mix) will exert pressure on margins
In contrast, PTC has delivered strong realisation in FY2018 and the management expects the realisation to remain on the higher level, driven
by higher merchant prices
On this backdrop, we have tweaked our earnings estimates for FY2019 and FY2020E
Correction in the stockprice provides a better opportunity to long-term investor given the steady earnings, higher dividend yields and
Hence, we maintain our Hold with a revised price target of Rs
95.Read this article in :HindiBuy Reliance Industries, target Rs 1110: SharekhanBuy Maruti Suzuki, target Rs 11085: SharekhanBuy Bharti
Airtel, target Rs 520: SharekhanReduce Wipro, target Rs 270: SharekhanBuy Mahindra Mahindra Ltd
target Rs 925 : SharekhanCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does
not represent those of economictimes.com ETMarkets.com
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