PFC shares tumble 5% to 4-month low after weak Q1 earnings. Why Motilal Oswal still recommends Buy
PFC shares fell over 5% after the company reported a 2% YoY rise in Q1 FY27 consolidated net profit to Rs 7,012 crore. Motilal Oswal retained its Buy rating but cut its target price to Rs 500, citing lower loan growth and margin pressure.
Shares of Power Finance Corporation (PFC) plunged more than 5% to their lowest level in four months on Monday following the company's weak first-quarter earnings report. The brokerage firm Motilal Oswal Financial Services lowered its earnings estimates for PFC, citing lower loan growth and margin contraction. Despite the disappointing results, Motilal Oswal maintained its "Buy" rating on PFC shares and reduced its target price to Rs 500 per share, implying an upside potential of over 19% from the stock's previous closing price.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
