Stock market analysts are of the view that traders can buy Power Trading Corporation Ltd (PTC Ltd) stock to achieve an intraday target of Rs 116.

According to analysts, interested traders can purcase the stock above Rs 114 with a stop loss of Rs 112.

If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 118.

The company's shares on Thursday (Nov 05) closed at Rs 114.05 on BSE. Current EPS & P/E ratio stood at 5.39 and 21.33 respectively. The share price has seen a 52-week high of Rs 107 and a low of Rs 54.15 on BSE.

Mr. Salil Sharma, Technical Analyst of Kapur Sharma & Co., has also maintained 'buy' rating on PTC India with stoploss of Rs 107.

Mr. Sharma said, "We like PTC, which has given a good breakout above Rs 110 on Wednesday, so something like that could be bought in to with a stoploss of Rs 107 and a target of Rs 120."

PTC India Ltd has posted a fall of 6% in its net profit, which stood at Rs 30.81 crore during the three month period ended September 30, 2009.

PTC India's total income came up to Rs 2,475.70 crore during the period, as against Rs 2,059.33 crore for the same period last year.