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Buy Power Finance Corporation, target Rs 145: Abhijit Pathak

Buy Power Finance Corporation Ltd. at a price target of Rs 145.0 and a stoploss at Rs 128 from entry point.

ETMarkets.com|
Updated: Jun 17, 2019, 09.14 AM IST
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Abhijit Pathak of Definedge Solutions has a buy call on Power Finance Corporation Ltd. with a target price of Rs 145. The current market price of Power Finance Corporation Ltd. is Rs 132.5. Time period given by the analyst is Intra Day when Power Finance Corporation Ltd. price can reach the defined target. Abhijit Pathak recommended to keep stoploss at Rs 128. Power Finance Corporation Ltd., incorporated in 1986, has a market cap of Rs 34981.08 crore.
Power Finance Corporation Ltd. key Products/Revenue Segments include Interest which contributed Rs 26028.81 Crore to Sales Value (98.53 % of Total Sales), Income From Financial Services which contributed Rs 322.24 Crore to Sales Value (1.21 % of Total Sales), Other Operating Revenue which contributed Rs 56.70 Crore to Sales Value (0.21 % of Total Sales) and Lease Rentals which contributed Rs 6.72 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 7701.12 Crore, up 4.60 % from last quarter Sales of Rs 7362.29 Crore and up 28.00 % from last year same quarter Sales of Rs 6016.52 Crore Company has reported net profit after tax of Rs 2117.56 Crore in latest quarter. The company’s top management includes Dr.Arun Kumar Verma, Mr.Naveen Bhushan Gupta, Mr.Praveen Kumar Singh, Mr.Rajeev Sharma, Mr.Sitaram Pareek, Mrs.Gauri Chowdhury. Company has M K Aggarwal & Co. as its auditoRs As on 31-03-2019, the company has a total of 2,640,081,408 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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