PFC hits 52-week high, REC extends gains, up 5%; analyst sees more upside
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Shares of state-owned NBFCs REC and Power Finance Corporation rose up to 5% amid market volatility, with REC at ₹367.20 (+4.13%) and PFC at ₹459.85 (+3.40%). Both stocks have surged over 22% in April, outperforming the Nifty50 index's 9% rise. PFC reached a 52-week high of ₹467. The RBI's proposed asset-size-based classification for upper-layer NBFCs aims to enhance regulation and transparency, potentially increasing upper-layer NBFC assets to 70% of total NBFC assets by September 2025. Analysts remain bullish on both stocks, suggesting potential upside targets of ₹475-480 for PFC and ₹385-390 for REC.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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