Exit PTC India , says SP Tulsian of sptulsian.com.
Tulsian told CNBC-TV18, "PTC India has really posted very pathetic results. If you see Q3 PAT, it is less than Rs 10 crore. Earlier it is used to be in the band of anywhere between Rs 35-40 crore. If you see the consistent bottom-line performance of the company whether for last four to six quarters, it has suddenly slipped below Rs 10 crore. I don't think that the company will really be able to recoup or improve it beyond Rs 20 crore maybe in the next two to three quarters. Bottomline is not likely to get improved. So my advice is to exit from the stock, look or some other ideas.
He further added, "I can advise to go either with the HDFC Warrant or to shift to Thomas Cook which is now ruling at Rs 41-42 practically at the same price and if we can keep a view of about maybe three to six months I won't be surprised to see Thomas Cook moving maybe to Rs 60 plus in this period."
