NEW DELHI: Power Finance Corporation NSE -2.09 % (PFC)’s multifold profit growth in March quarter has failed to enthuse the market. Lower net interest margin and weak other income marred loan growth acceleration at the NBFC. Asset quality held up, but credit cost remained elevated.
However, analysts see a high margin of safety on the stock, and project up to 68 per cent potential upside in the stock with price targets going up to Rs 215. On Thursday, the scrip closed at Rs 127 apiece, down 2 per cent.
