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| 14dPFC, REC undervalued even after eye-popping rise over last year, say analysts
Power finance stocks REC and PFC have seen a recent rally, driven by strong Q4 earnings and positive sentiment. Despite significant gains, analysts believe that these stocks are still undervalued. Factors such as improving financial strength, increasing power demand, and growth opportunities in the renewable energy sector contribute to a strong investment case. The government's support for power sector companies and initiatives such as the Pradhan Mantri Kusum Yojana and electrification plans further enhance the prospects for REC and PFC. However, the market perception has not fully adjusted due to past high NPAs, but recent improvements and clean-up efforts indicate potential upside in the stocks.
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