_Huge spurt in Sanctions_
*Assured prospects for 4 years minimum*
POWER FINANCE CORPN:
1) Q3 loan Sanction spurt 64% YoY at 33027cr vs 29520cr
2) 9m Loan Sanction up 52% at 94502cr
3) *Total Sanction 174402cr as on 31/12/2016*
4) Finally and most important: Loan Portfolio only 16.81% is Private sector ( where NPAs are higher due to siphoning off of funds leads to bloated project cost). *83.19% is Govt/ public sector which definitely is more safe*
Trading at 0.95xBook, PERatio of 4.60 and HIGHEST DIVIDEND YIELD, PFC can touch 225-250 next year
No comments:
Post a Comment