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StocksDB › StocksDB › Hawk-Eye On The Stock Markets › PTC India Financial Services Ltd Research Report By CD Equisearch
The stock currently trades at 1.9x FY15e BV and 1.6xFY16e BV. We are hopeful that the company will achieve the expected growth rates as a result of combination of suitable investment climate, capacity addition (especially in renewable energy), policy support and as falling interest rates push up demand for funds from power sector. Therefore, we recommend a ‘BUY’ with the target price of Rs. 64 based on 2.4x FY15e BV and 2x FY16e BV, within a time horizon of 9-12 months.
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