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Top power PSU stocks to watch: Future price targets for PFC and more

Good News for Power Finance Companies

JSW Energy received the Letter of Intent for the acquisition of the bankrupt KSK Mahanadi Thermal Power Plant (KMPCL).

Positive Action Expected in These Power Stocks

PSU power finance companies PFC and REC have lent approximately 6,200 crore to KSK Mahanadi Thermal Power Limited, with 100% recovery expected. This will impact both stocks.

PFC Share Target Price

Global brokerage firm CLSA issued a report on PFC and REC, giving an accumulate rating to both stocks. The target for PFC is set at Rs 610.

PFC Share Price

As of 1:30 pm on Wednesday, January 15, PFC Limited's share is trading higher at Rs 427.65. Its 52-week high is Rs 580.

REC Share Target Price

CLSA has recommended buying REC shares. Its target price is stated as Rs 680, which is about 42% higher than the current price.

REC Share Price

As of Wednesday afternoon at 1:30 pm, the share of government company REC Limited is trading at Rs 478.40. Its 52-week high is Rs 654 and low is Rs 408.

Report Details

The brokerage firm stated in its report that JSW Energy made an offer of approximately Rs 16,000 crore for KSK Mahanadi.

Note

Always consult your market expert before making any investment.

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