PTC India slips on Q4 profit drop

PTC India

10/06/2024 07:16

** Shares of PTC India  PTCI.NS  fall 2.3% to 204.5 rupees  
    ** The power products maker said on Friday its Q4 profit
slipped 31% Y/Y as revenue from its core power segment fell
    ** PTCI trading below its 50-day and 100-day simple moving
averages since last week
    ** Analysts on avr rate the stock "buy" rating; median PT is
215.5  rupees - LSEG data
    ** Stock up 8% so far this year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))