PTL Enterprises Ltd....
Engaged in the tyres manufacturing facility of PTL at Kalamassery, Kerala.
Its an associate company of Apollo Tyres Ltd
Recent Announcement from Kerala Govt, for aids.
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Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.40 times its book value
Stock is providing a good dividend yield of...
BUY : 52 TO 48
TARGET : 80
Reason For Buying This Script :
After a long time this script has broken the downtrend flag & also has broken the box in weekly time frame . Now wait for retest moment at the range of 48 .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the...
As per pattern Round bottom and double bottom also. MACD crossover may happen on weekly chart. Dividend also coming Rs.2.5. These parameters may help to reach the target.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
PTL looking good to break the descending trendline.
If it breaks, we can expect targets of 51, 62+.
I'm not a registered analyst. Please analyze yourself before investing
PTL Enterprises Ltd. manufactures automobile tyres flaps and belts. It engages in renting out of production plant to Apollo Tyres. The company was founded on October 19, 1959 and is headquartered in Gurgaon, India.
NSE
