Motilal Oswal Recommends Large Cap Maharatna Power Stock, Target Price 163

Motilal Oswal has suggested investors to buy large cap stock operating in Power Sector, Power Finance Corporation Ltd with a target price of Rs 163. Current market price of the stock, incorporated in 1986, is Rs 156.85 with intraday gain of 1.10%.

The analyst has suggested to keep the stop loss at Rs 151 apiece. Earlier this year on February 13, the PSU company declared third interim dividend of Rs 3.50 apiece with Feb 24 as the record date. Check details below:

1. Power Finance Corporation Stock Performance

Current market price of the stock is Rs 156.85 apiece with 52-week high quoted at Rs 161.90 apiece and 52-week low quoted at Rs 97.15 apiece, respectively. The company has a market capitalisation of Rs 41,422.89 crore.

2. Power Finance Corporation Return

The stock gave 9% return in last 1-week, 9% in last 1-month, 13% in last 3-months, 34% in last 6-months, and 43% return in last 1-year. It rallied 41% in last 3-years and 58% in last 5-years.

The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 19662.65 crore, up 1.65 % from last quarter total income of Rs 19344.39 crore.

3. 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. PFC was conferred the title of a 'Maharatna CPSE' in Oct.,2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. 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.