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Thursday 19 May 2016

Power Finance Corpn: Down 2%. Considering big upsurge in NPAs and deteriorating asset quality and big impact next year of UDAY scheme, stock is poised for a sharp fall. As per our sources , PFC didn't put some client accounts as NPA although same accounts marked as NPAs last year itself by other lenders. Hence, CAG is insisting to mark such client accounts as NPA. In view of same, NPAs of PFC bound to surge and profit margins to take hit

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