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    HomeNewsBusinessStocksBuy Power Finance Corp; target of Rs 210: Emkay Global Financial

    Buy Power Finance Corp; target of Rs 210: Emkay Global Financial

    Emkay Global Financial is bullish on Power Finance Corp has recommended buy rating on the stock with a target price of Rs 210 in its research report dated January 14, 2021.

    Broker Research
    January 15, 2021 / 13:49 IST
       
       
      26 Aug, 2025 12:21
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      Emkay Global Financial's report on Power Finance Corp

      We believe that with the rising share of PSU exposure and stringent underwriting practices, PFC’s asset quality trend is likely to improve. Our account-byaccount analysis of stressed assets indicates that the current provision coverage is adequate for previous years’ NPAs. In our view, the government’s Aatmanirbhar Bharat package for discoms should boost loan growth in the near term.

      Outlook

      We are initiating coverage on Power Finance Corp. (PFC) with a Buy rating and a TP of Rs210 (+73% upside). Our TP implies 1.0x FY23E adjusted standalone P/B multiple and 6x P/E.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Jan 15, 2021 01:49 pm

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