PSU NEWS
PFC REC may be valued upwards
MUMBAI. Even as many frontline stocks of non-banking financial companies (NBFCs) struggled to maintain their yearly gains in 2016, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) managed to defy the trend, closing the year with 36 and 24 per cent gains, respectively. This comes after both underperforming the Sensex in 2015 and both touching a two-year low in February 2016, after many questioned their road ahead. What really stands out is their outperformance relative to Sensex in 2016, which was backed by financials, especially from June quarter.
Read Also : SAIL DSP and EMD signs agreement with Sentra WorldNews Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC