Maharatna PSU Stock Sets Record Date For Dividend, Buy With TP Of Rs 191: ICICI Securities

Large cap Maharatna status stock, Power Finance Corporation fixed April 1, 2023 as record date for interim dividend, if declared. Last trading price of PFC is Rs 150.85 apiece with intraday fall of 3.24%. Meanwhile, brokerage firm ICICI Securities has recommended investors to buy Power Finance Corporation share with target price of Rs 191 apiece and potential return of 27%. The stock gave 33% return in last 6-months. Check details below:

Power Finance Corporation Share Performance: Last trading price of Power Finance Corporation is Rs 150.85 apiece on BSE. Its 52-week high is Rs 170.55 apiece and 52-week low price is Rs 97.15 apiece, respectively. Its market capitalisation is Rs 39,825.64 crore.

Power Finance Corporation Return: The stock gave return of over 2% in last 1-month, 6% in last 3-months, 33% return in last 6-months, 29% return in last 1-year, 22% return in last 2-years, and 64% return in last 3-years. It rallied 69% in last
5-years.

Power Finance Corporation Valuation: According to ICICI Securities, "Given the inexpensive valuations at 0.6x FY24E P/ABV, coupled with improving asset quality metrics and likely gradual uptick in AUM growth, we maintain BUY on the stock with an unchanged target price of Rs191 (0.8x FY24 P/ABV)."

Power Finance Corporation About: Incorporated on July 16th, 1986, Power Finance Corporation Ltd. is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC's registered office is located at New Delhi and regional offices are located at Mumbai and Chennai. PFC is under the administrative control of the Ministry of Power, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.