Hold Power Finance; target of Rs 170: Religare

Religare recommended hold rating on Power Finance with a target price of Rs 170 in its research report dated August 09, 2016.

August 11, 2016 / 15:07 IST

26 Aug, 2025 12:21

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Religare's research report on Power Finance

POWF’s Q1FY17 PAT grew 9% YoY to Rs 17.1bn, higher than our and consensus estimates. The earnings beat was led by changes in the accounting policy for NPAs that drove PBT higher by Rs 2.8bn.

We expect continued pressure on loan growth and margins along with further asset quality deterioration over the next 2-3 years. HOLD; Mar’17 TP Rs 170. For all recommendations, click here Disclaimer: 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.

first published: Aug 11, 2016 03:07 pm

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