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As of 30-Jun-2023, promoters held 0.0 per cent stake in the company, while FIIs held 34.99 per cent and domestic institutional investors had 37.49 per cent.

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As of 30-Jun-2023, promoters held 0.0 per cent stake in the company, while FIIs held 16.45 per cent and domestic institutional investors had 13.13 per cent.

The loan book is growing. The balance sheet is strong. The profit margins are good. The only thing to watch out will be that the repricing of loans has happened but the repricing of liabilities that impact will come now.

“Rather than V-shaped recovery, it is better for everyone, for the entire ecosystem, for the dealers, for the vendors, for the company, to see a robust if flatter recovery. We are seeing that happen. A 3-5% single digit positive is a nice recovery to see. The top half of the segment is growing in the higher single digits – 8-9%.”

A total of 64,024 shares changed hands on the counter till time (IST).

The stock traded at a P/E multiple of 96.75, while the price-to-book value ratio stood at 13.72.

“The entire power sector is going to get rerated and there could be a lot of room for them, especially PFC and REC. If somebody wants to play a proxy to power, then these are the companies with a limited downside and there could be a good upside from here also.”

As of 30-Jun-2023, promoters held 0.0 per cent stake in the company, while FIIs held 22.0 per cent and domestic institutional investors had 15.21 per cent.

​I think if you look at the factors that are driving the negative side, which continues to stay, at the same time the growth momentum in the US is not getting anywhere challenged.