Buy PTC India, target Rs 94: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on PTC India Ltd. with a target price of Rs 94. The current market price of PTC India Ltd. is Rs 81. The time period given by analyst is Intra Day when PTC India Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 74. PTC India Ltd., incorporated in 1999, is a mid-cap company with a market cap of Rs 2397.67 crore.

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

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 3924.85 Crore, down -11.05 % from last quarter Sales of Rs 4412.48 Crore and up 24.23 % from last year same quarter Sales of Rs 3159.24 Crore Company has reported net profit after tax of Rs 64.37 Crore in latest quarter.

The company’s top management includes Dr.Rajib Kumar Mishra, Mr.Ajit Kumar, Mr.Arun Kumar Verma, Mr.C Gangopadhyay, Mr.Deepak Amitabh, Mr.Jayant Gokhale, Mr.K S Nagnyal, Mr.Kalyan Prasad Gupta, Mr.Mahesh Kumar Mittal, Mr.Rakesh Kacker, Mr.Ravi P Singh, Ms.Bharti Prasad, Ms.Sushama Nath. Company has K G Somani & Co. as its auditoRs As on 31-03-2018, the company has a total of 296,008,321 shares outstanding.