Buy Power Finance Corporation, target Rs 125: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on Power Finance Corporation Ltd. with a target price of Rs 125. The current market price of Power Finance Corporation Ltd. is Rs 119.4. Time period given by the analyst is Intra Day when Power Finance Corporation Ltd. price can reach defined target. Jay Thakkar recommended to keep stoploss at Rs 114.9. Power Finance Corporation Ltd., incorporated in 1986, has a market cap of Rs 31205.76 crore.

Power Finance Corporation Ltd. key Products/Revenue Segments include Interest which contributed Rs 28440.97 Crore to Sales Value (98.60 % of Total Sales), Dividend which contributed Rs 167.03 Crore to Sales Value (0.57 % of Total Sales), Fees & Commission Income which contributed Rs 149.02 Crore to Sales Value (0.51 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 84.98 Crore to Sales Value (0.29 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 15529.60 Crore, up 6.37 % from last quarter Sales of Rs 14599.22 Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 2496.93 Crore in latest quarter. The company’s top management includes Dr.Arun Kumar Verma, Mr.Mritunjay Kumar Narayan, Mr.Naveen Bhushan Gupta, Mr.Praveen Kumar Singh, Mr.R C Mishra, Mr.Rajeev Sharma, Mr.Ravinder Singh Dhillon, Mr.Sitaram Pareek, Mrs.Gauri Chowdhury. Company has Gandhi Minocha & Co. as its auditoRs As on 30-09-2019, the company has a total of 2,640,081,408 shares outstanding.