Morgan Stanley sees up to 22% upside in PFC, REC

July 11, 2025

Morgan Stanley has initiated ‘Overweight’ ratings on Power Finance Corporation (PFC) and REC, foreseeing significant upside potential of 18% and 22% respectively. The brokerage anticipates these stocks to outperform NBFC peers in asset quality and loan growth.

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ETMarkets Smart Talk| Markets at an inflection point; expect 40–50% gains over 36 months: ASK Hedge Solutions’ Vaibhav Sanghavi

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