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    PFC issue proceeds difficult quandary for govt: Udayan

    There isn’t a whole lot to recommend PFC FPO. The price is not unattractive on valuation terms. PFC’s valuation is not stretched at 1.3-1.4 times book. It is in line with many public sector banks as well with a superior return and growth profile.

    first published: May 10, 2011 09:31 am

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