Buy Power Finance Corporation, target Rs 98: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Power Finance Corporation Ltd. with a target price of Rs 98. The current market price of Power Finance Corporation Ltd. is Rs 91.05. Time period given by the analyst is Intra Day when Power Finance Corporation Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 86.5. Power Finance Corporation Ltd., incorporated in 1986, is a largecap company with a market cap of Rs 24037.94 crore.

Power Finance Corporation Ltd. key Products/Revenue Segments include Interest which contributed Rs 26028.81 Crore to Sales Value (98.53 % of Total Sales), Income From Financial Services which contributed Rs 322.24 Crore to Sales Value (1.21 % of Total Sales), Other Operating Revenue which contributed Rs 56.70 Crore to Sales Value (0.21 % of Total Sales) and Lease Rentals which contributed Rs 6.72 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 6560.28 Crore, up 9.04 % from last quarter Sales of Rs 6016.52 Crore and down -3.24 % from last year same quarter Sales of Rs 6779.82 Crore Company has reported net profit after tax of Rs 1373.26 Crore in latest quarter. The company’s top management includes Dr.Arun Kumar Verma, Mr.Chinmoy Gangopadhyay, Mr.Naveen Bhushan Gupta, Mr.Praveen Kumar Singh, Mr.Rajeev Sharma, Mr.Sitaram Pareek, Mrs.Gauri Chowdhury. Company has M K Aggarwal & Co. as its auditoRs As on 30-09-2018, the company has a total of 2,640,081,408 shares outstanding.