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Tuesday, 9 August 2016

Power Finance Corp Q1 today:

Will beat ALL estimates by big margin

denofwealth est PAT @ 1680cr vs Bloomberg est 1405cr, huge beat by 20%

33% higher QoQ vs 1259cr

Beats ALL estimates

Stock likely to be UPGRADED  by all brokerage houses

Technical Outlook: PFC short term Target 240-250(cum Bonus). Good medium term Buy

52 week high 257. Will PFC make new high next month?

Coming quarters to be equally fabulous: 80% loan book to govt sector ( so no more NPAs due to govt guaranteed bonds). In balance 20% loan book to Pvt sector, all critical accounts hv bn accounted for. Hence future slippages to be negligible as Pvt sector Outlook improving. We advise to buy and hold for 1-3 weeks for high gains

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