Moneycontrol Be a Pro
Get App
Last Updated : Nov 05, 2019 01:20 PM IST | Source:

Hold PTC India target of Rs 65: Sharekhan

Sharekhan recommended hold rating on PTC India with a target price of Rs 65 in its research report dated November 04, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on PTC India

Standalone EBITDA rose by 7.1% y-o-y to Rs. 141 crore and was above our estimate led by higher surcharge income and lower opex. Trading volumes declined by 1.5% y-o-y while gross margins increased by 12.1% y-o-y to 7.43 paisa per unit. Company signed a contract for the Mangdechhu Hydro Electric Project in Bhutan with a potential of 3 billion units annually; draft regulations for power trading propose to cap margin at Re. 1 paisa/unit for back-to-back contracts. Weak financials of PTC India Financial Services could delay/impact management’s efforts to unlock value.


We maintain our Hold rating on PTC India with an unchanged PT of Rs. 65.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Nov 5, 2019 01:20 pm
Follow us on
Available On