ICICI Direct recommended hold rating on PTC India with a target price of Rs 40 in its research report dated February 16, 2017.
ICICI Direct's research report on PTC India
Going ahead, we do not see any sharp asset quality deterioration at least in the near term. Therefore, we revise our target price at Rs 40 per share, valuing the stock at 1.1x FY18E ABV at Rs 36.4. We maintain our HOLD recommendation on the stock.
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