UBS has reiterated its ‘Buy’ rating on Power Finance Corporation (PFC), setting a target price of ₹670 per share, indicating a potential 49% upside from the current market price (CMP) of ₹450.80. The brokerage notes that net interest income (NII) was in line with expectations, and write-backs continue to support profitability. Additionally, the second quarter results provide increased visibility for growth acceleration in the second half of the fiscal year.
Disclaimer: This information is for informational purposes only and does not constitute financial advice.
