Co Name: PTC Reco: Buy
CMP: Around Rs 58
Best Buy Level: Dip around Rs 50-52
Target Price: Rs 65 ( 1-3 months), Rs 90 (6-12 months)

Investment Rational:
1. Good performance continue in sep quarter also. In 2nd Quarter, it has registered 187% growth in its PAT. Trading below BV.
2. Chennai, Nov. 21 Biomass-based power producers in Tamil Nadu hope to bring in Power Trading Corporation of India to mediate in the third-party sale of power to industrial consumers.
They operates over 40 MW of biomass-based power plants in the State, over 105 MW of biomass-based power capacity.

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