results should be good.. last time also they were good but still the stock fell down on the announcement. this time same thing can be expected. so wait for the results to get announced and buy the stock around 92 levels then keep on avg if it goes down... and hold on for a bounce..just the way u saw on the other day 21%...such bounce will keep coming in the stock...long term target of 200 maintained...but one has to be patient
results r out.. net profit of 30.81 crores..EPS 1.02...doesn`t look good...surely below expectation..i think..lets watch the stocks reaction..but like i said before i surely can be accumulated on lower levels..
Profits from the core business of PTC i.e. power trading has gone up from 19.47 crore in Q2 2008-09 to 38.9 crore in Q2 2009-10, an increase of 74.6%.
It is only the `Other Income` which has decreased from 28 crs to 17 crs YOY or 35 to 17 Q on Q.
Which means a huge chunk of money must have been spent by the company to some activity. Because `Other Income` is nothing but dividend and interest income from its huge pile of cash.
Coal asset purchase done ? Lets wait for further releases from the company. Dont think, at present, any cause to be concerned.........YP
| NIFTY 
