Stockgram

All 12 analysts covering Power Finance Corporation Ltd. (PFC) continue to have a 'Buy' recommendation on the stock. Global brokerage firm Macquarie has the highest price target on PFC at ₹660.





This comes after the state-owned company reported an impressive March quarter operating and financial performance, with key metrics such as loan growth, core income, and profit coming in above Street estimates.





Bernstein maintains an 'Outperform' rating on PFC, with a price target of ₹525 per share.





The foreign brokerage mentioned that PFC "positively surprised" by delivering a strong Q4 performance, enabling the company to stay on track to meet its full-year loan-book growth guidance.





For FY26, PFC has guided to 10–11% loan-book growth versus market expectations of 13%, and Bernstein sees a high likelihood of the company achieving this target.





Bernstein has only limited concerns about asset quality and applauds management's proactive stance in provisioning for potential slippages.





Motilal Oswal has also reiterated its 'Buy' rating with a price target of ₹485 per share.





The brokerage believes that the risk-reward is attractive considering decent visibility on loan growth, further stressed asset resolutions, and healthy RoE of 18-19% in FY26-27E.





Emkay Global has also reiterated its 'Buy' rating on PFC but revised its price target downward by 9% to ₹500. The brokerage said the PFC stock is valued attractively and is largely pricing in the growth and margin moderation.





To reflect Q4 developments, management commentary, and macroeconomic outlook, Emkay has cut its FY26-27E EPS by 10% due to 2-3% AUM cut, 10 basis points NIM cut, and a rise in credit cost. Regardless, PFC is expected to deliver 17% RoE and 10% loan growth.





Shares of Power Finance Corporation Ltd. ended 1.28% higher on Wednesday after the results announcement. The stock has declined 6% in the last one month.