1. Our team of experts on stock market is bullish on the prospects of Power Finance Corporation (PFC) as it is a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors and has been in this business since July 1956. PFC is servicing a number of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, consultancy services etc. for various power projects in generation, transmission and distribution.
2. It has been conferred Nav Ratna status by Govt. of India on 22nd June, 2007. Their total income has increased by 28% from 3928 crores to 5040 crores. Operating profit has increased by 28%, to Rs 1795 crores. PAT has increased by 23%, and EPS is around 10.5Rs stock looks.
3. In case one looks at the results and the future prospects in terms of electricity needs of the country and it is also a known fact that finance needs for the projects will be on rise and thus PFC will continue to grow and present valuation will provide considerable scope of appreciation.
2. It has been conferred Nav Ratna status by Govt. of India on 22nd June, 2007. Their total income has increased by 28% from 3928 crores to 5040 crores. Operating profit has increased by 28%, to Rs 1795 crores. PAT has increased by 23%, and EPS is around 10.5Rs stock looks.
3. In case one looks at the results and the future prospects in terms of electricity needs of the country and it is also a known fact that finance needs for the projects will be on rise and thus PFC will continue to grow and present valuation will provide considerable scope of appreciation.
