ICICI Direct recommended hold rating on PTC India with a target price of Rs 88 in its research report dated February 14, 2017.
ICICI Direct's research report on PTC India
However, core trading business is likely to see strong traction with execution of long term PPAs. We continue to value the stock on an SoTP basis and revise target to Rs 88/share (from Rs 76 earlier) and rate the stock as BUY.
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