Buy PTC for a target of 150 to 170: Fayeza Hafizee
You have seen a good price shift in IDFC post receiving infrastructure NBFC status and we do see the same happening, even if it is only in PTC and because the subsidiary is not listed but the gains should accrue to the parent as well.
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| In a chat with ET Now, Fayeza Hafizee, Vice President, Institutional SalesIntime Spectrum Securities Ltd, talks about PTC. Excerpts:
What is the call on PTC?
I am quite positive on the company. You have seen a good price shift in IDFC post receiving infrastructure NBFC status and we do see the same happening, even if it is only in PTC and because the subsidiary is not listed but the gains should accrue to the parent as well. We like the company. We would buy now for a target of 150 to 170, are keeping maybe 110 as a stop loss.
What is the call on PTC?
I am quite positive on the company. You have seen a good price shift in IDFC post receiving infrastructure NBFC status and we do see the same happening, even if it is only in PTC and because the subsidiary is not listed but the gains should accrue to the parent as well. We like the company. We would buy now for a target of 150 to 170, are keeping maybe 110 as a stop loss.
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