Find out: Brokerages call on PFC, J&K Bank, Jain Irrigation

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Find out: Brokerages call on PFC, J&K Bank, Jain Irrigation

CLSA maintains ‘outperform’ rating on Power Finance Corp with a target of Rs 250. They believe that the stock is a better bet on improvement in growth outlook in the power financing sector. It faces lower risk of market share loss to banks due to higher share of generation portfolio.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Power Finance BSE | NSE 30/05/12 Are Mutual Funds betting on Power Finance? Other Stocks in this news Jammu and Kashmir Bank | Jain Irrigation Systems |

CLSA maintains 'outperform' rating on Power Finance Corp with a target of Rs 250. They believe that the stock is a better bet on improvement in growth outlook in the power financing sector. It faces lower risk of market share loss to banks due to higher share of generation portfolio.

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CLSA maintains a 'buy' rating on J&K Bank with a target of Rs 1,000. The stock reported a 20% growth in net interest income driven by a 13% growth in assets and 12 bps expansion in margins. They believe that healthy asset quality will be the key driver of profitability and valuations for the company.

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Meanwhile, Morgan Stanley maintains 'overweight' on Jain Irrigation with a target of Rs 250. According to media reports, a subsidiary of Godrej Industries is planning to enter the micro irrigation business in India. However, they continue to believe that that company seems well placed to capitalise on industry growth and will be able to maintain 50% market share over the long-term.