Power Trading Corporation (PTC India Ltd.)
Stock Watch
PTC India Ltd. - a pioneer in power trading business in India, declared good results for the year ended FY04. The topline of the company grew by 157% where as the bottomline grew at a faster rate of 230% YoY. Operating margins remained at the same level.
High volume activity and a sideways consolidation movement in PTC India Ltd. are the first signs of accumulation or distribution, which is generally a precursor to the beginning of any major new trend.
I intend to keep a watch on this counter until further confirmation of any trend.
Meanwhile I would appreciate any comments or feedback from you all in relation to this stock.
Stock Watch
PTC India Ltd. - a pioneer in power trading business in India, declared good results for the year ended FY04. The topline of the company grew by 157% where as the bottomline grew at a faster rate of 230% YoY. Operating margins remained at the same level.
High volume activity and a sideways consolidation movement in PTC India Ltd. are the first signs of accumulation or distribution, which is generally a precursor to the beginning of any major new trend.
I intend to keep a watch on this counter until further confirmation of any trend.
Meanwhile I would appreciate any comments or feedback from you all in relation to this stock.