PFC, Power Grid, Oil India, & More: Global brokerages pick 4 PSUs that announced their Q4 results this week; check target prices

PSU Stock Target Prices: BSE Sensex and Nifty 50 closed in the negative terriroty today (Thursday, May 22, 2025), mirroring losses of the US market. Amid such a scenario, global brokerages have picked PSU stocks such as PFC, Power Grid, Oil India, and ONGC. Check target prices.

ZeeBiz WebTeam | May 22, 2025, 04:01 PM IST

PSU Stock Recommendations: The leading Indian indices BSE Sensex and Nifty 50 slid on Thursday (May 22, 2025), mirroring weak global sentiments. After the US indices Nasdaq and S&P 500 closed on a negative note, Indian IT sector stocks also made a poor start and ended the session on a poor note. The BSE Sensex was down by 645 points at 80,952, while the Nifty 50 was lower by 204 points at 24,610 points. Amid such a scenario, global brokerages such as CLSA, Macquarie, JP Morgan, and Jefferies have picked PSU stocks - PFC, Power Grid, Oil India, and ONGC. These PSUs have announced their fourth-quarter results in the recent past. 
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Power Finance Corporation (PFC)

Power Finance Corporation (PFC)

The brokerage has maintained an 'outperform' rating on the PSU firm that provides financing for the Indian power sector.
The PSU announced its Q4 results on Monday.
The target price for the same is Rs 660.
Its stock closed trading on BSE on Thursday at Rs 406.65.

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Bernstein on PFC (CMP:413)

Bernstein on PFC (CMP:413)

The global brokerage has maintained an 'outperform' rating on the largecap PSU with a target price of Rs 525. 
In its report, the brokerage firm says that PFC positively surprised, seeing a good jump in Q4 to meet its full-year loan book growth guidance – delivering 13 per cent growth.
PFC gave a 10-11 per cent loan book growth guidance for FY26 against an expectation of 13 per cent, as per the brokerage.
Bernstein sees a high likelihood of the company meeting its guidance.

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3/12

JP Morgan on Power Grid (CMP:296)

JP Morgan on Power Grid (CMP:296)

The global brokerage has maintained an 'overweight' rating for the PSU firm that announced its Q4 results early this week.
The brokerage has raised its target price to Rs 322 from Rs 316. 
Its stock closed trading on BSE on Thursday at Rs 291.

 

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Jefferies on Power Grid (CMP:296)

Jefferies on Power Grid (CMP:296)

Jefferies has maintained its 'buy' call on the largecap PSU, cutting its target price to Rs 335 from Rs 350. 

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CLSA on Power Grid (CMP:296)

CLSA on Power Grid (CMP:296)

CLSA has maintained an 'accumulate' rating on the PSU with a target price of Rs 342.

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Morgan Stanley on Power Grid (CMP:296)

Morgan Stanley on Power Grid (CMP:296)

Morgan Stanley, meanwhile, maintained an 'equalweight' rating with a target price of Rs 295. 

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Bernstein on Power Grid (CMP:296)

Bernstein on Power Grid (CMP:296)

Bernstein maintained an 'outperform' call on the PSU with a target price of Rs 340.

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8/12

CLSA on Oil India (CMP:426)

CLSA on Oil India (CMP:426)

CLSA has 'maintained' a hold call for the oil PSU that announced its January-March quarter result on Wednesday, cutting the target price to Rs 420 from Rs 450. 

Its stock closed trading on Thursday at Rs 418.55.

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Nomura on Oil India (CMP:426)

Nomura on Oil India (CMP:426)

Nomura has maintained a 'neutral' call on the largecap company with a target price of Rs 460. 
In its report, the brokerage says that the oil PSU's Q4 results are below estimates.
It further says that Oil India's FY25 results were impacted by lower realisation.

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10/12

Jefferies on ONGC (CMP:249)

Jefferies on ONGC (CMP:249)

The global brokerage has maintained a 'buy' call on the oil PSU that announced its Q4 results on Wednesday with a target price of Rs 375. 
It says that ONGC's 4Q standalone EBITDA at Rs 190bn (+9 per cent y/y, flat q/q) was marginally below JEFe.  
Its profit after tax of 31 per cent was below JEFe on higher exploratory well write-offs, the brokerage says.  
Its consolidated EBIDTA was 14 per cent ahead of JEFe, while the largecap firm's daily crude and gas production has risen for the second successive quarter, as per the brokerage. 

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Macquarie on ONGC (CMP:249)

Macquarie on ONGC (CMP:249)

Macquarie has maintained an 'outperform' rating on the oil PSU with a target price of Rs 310. 
The global brokerage says that its Q4 in-line production and profit miss were due to higher exploration costs. 
Production volumes are showing positive momentum after 7 years of decline, Macquarie says in its report.
This is driven by new site additions and expected production increases in legacy fields, says the brokerage. 

The ONGC stock clodes trading on BSE on Thursday at Rs 418.55. 

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CLSA on ONGC (CMP:249)

CLSA on ONGC (CMP:249)

CLSA has maintained a 'buy' call on the firm with a target price of Rs 360.
The company's standalone 4Q EBIDTA of Rs 196 billion (CLe: Rs 201 billion) was 3 per cent below estimates, says the brokerage.  
It further says that ONGC reported a PAT of Rs 64.5 million which is 22 per cent short of the forecast, largely due to a big drywell write-off recognised in 4Q.  
Its standalone oil/gas production rose 5 per cent/4 per cent YoY, says the brokerage. 

 

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