BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains hold on Power Finance Corporation
"Though implementation of UDAY augurs well for the power value chain, it poses risks to PFCs near- to medium-term earnings. While valuations (0.9x FY19E P/ABV) are undemanding, uncertainties could challenge the companys high returns profile, and risks surrounding its impaired loans seem to be fairly priced in," the brokerage said.