REC, PFC shares rally up to 3% after Morgan Stanley initiates coverage with overweight rating
Shares of power financing PSUs REC Ltd and Power Finance Corporation (PFC) climbed up to 3% on Thursday after Morgan Stanley initiated coverage on the two stocks with an ‘overweight’ rating, citing attractive valuations, robust loan growth, and stable asset quality. The global brokerage has set a price target of Rs 485 for REC and … Read more