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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains hold on Power Finance Corporation
PFC reported lower than estimated earnings for Q3 due to 27 per cent sequential jump in provisions to Rs 480 crore. Stressed assets increased to 12 per cent of loans on higher slippages and incremental restructuring. Loan growth remained weak at 13 per cent year-on-year.