REC, PFC shares rise after CLSA maintains ‘buy’ ratings; targets suggest at least 20% upside
The brokerage anticipates some margin pressure in REC on account of its bond yield profile.PFC, on the other hand, should benefit on this front, said CLSA, pegging a rise of 5-13 basis points in its net interest margin over the calendar years 2025 and 2026.
The foreign brokerage shared mixed views on both PSU stocks, which have already rewarded investors with multifold returns in the past year.