2026-05-14 16:45:32
SKF India Ltd recommends final dividend of Rs. 40
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LIC Housing Finance Ltd recommends dividend of Rs. 10
Chemfab Alkalis Ltd recommends final dividend of Rs. 1.25Research
Nomura maintains target price of Rs.240 for PFC
Posted On : 2012-10-20 22:37:08( TIMEZONE : IST )
Nomura has reiterated 'Buy' rating on Power Finance Corporation (PFC) with an unchanged target price of Rs.240.
The research note mentioned that PFC is a key beneficiary of a stronger SEB. Most of the SEBs have recently hiked tariffs and have proposed financial restructuring plans (FRP).
Nomura has revised the earnings estimate for FY13F and FY14F by 16% and 6% respectively.
Nomura reiterates 'Buy' rating and the target price has been maintained at Rs.240 with a potential upside of 21.8% compared to the closing price of Rs.197 on October 17, 2012.
