Buy PTC India Ltd. target Rs 108: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on PTC India Ltd. with a target price of Rs 108.0 .The current market price of PTC India Ltd. is Rs 102.4 Time period given by analyst is Intra Day when PTC India Ltd. price can reach defined target. Kunal Bothra maintains stoploss at Rs 98.0 .

PTC India Ltd., incorporated in the year 1999, is a midcap company (having a market cap of ₹ 3031.13 crore) operating in Power sector.

PTC India Ltd. key Products/Revenue Segments include Electricity which contributed ₹ 12560.42 Cr to Sales Value (98.13 % of Total Sales), Other Operating Revenue which contributed ₹ 208.55 Cr to Sales Value (1.62 % of Total Sales), Service Charges which contributed ₹ 24.27 Cr to Sales Value (0.18 % of Total Sales) and Sale of services which contributed ₹ 5.48 Cr to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 3050.65 Cr., down -23.25% from last quarter Sales of ₹ 3974.76 Cr. and up 3.94% from last year same quarter Sales of ₹ 2935.05 Cr. Company has reported net profit after tax of ₹ 42.57 Cr. in latest quarter. The company’s CEO is Mr.Deepak Amitabh. It's Board of Directors include Mr.Deepak Amitabh, Mr.Dhirendra Swarup, Mr.H L Bajaj, Mr.Jayant Gokhale, Mr.K Biswal, Mr.K S Nagnyal, Mr.Mahesh Kumar Mittal, Mr.Rajiv Maheshwari, Mr.Rakesh Kacker, Mr.Ravi P Singh, Mrs.Jyoti Arora, Mr.Rajiv Maheshwari, Dr.Rajib Kumar Mishra, Mr.Ajit Kumar, Mr.Anil Razdan, Mr.Arun Kumar, Mr.C Gangopadhyay. Company has its registered office at 2nd Floor, , NBCC Towers, , 15 Bhikaji Cama Place , New Delhi, 110066, Delhi. Company has K G Somani & Co. as its auditors. As on 31-03-2017, the company has a total of 296,008,321 shares outstanding.