{
Power Finance Corporation Ltd. Employees Gratuity Fund

Companies

}
001122334455554433221100
001122334455554433221100

ubs bullish on pfc and rec driven by renewable energy growth

UBS has initiated coverage on Power Finance Corporation (PFC) and REC with Buy ratings, citing a significant shift in India's power sector. The brokerage expects these government-backed institutions to benefit from rising capital expenditure in renewables and infrastructure, projecting a price target of Rs 670 for PFC and Rs 720 for REC, indicating potential upsides of 66% and 76%, respectively. Key factors include improving credit quality, competitive fundraising capabilities, and strong earnings growth, with both companies positioned to capitalize on the energy transition.
Financialexpress
Power Finance Corporation Ltd. Employees Gratuity Fund IND
Finance & Economy, Market Report
10:47 07.03.2025
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