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REC, Power Finance Have CLSA Bullish — Here's Why
Both REC and Power Finance Corp. have been given 'high conviction outperform' rating, on strong project pipelines and robust loan growth prospects.
03 Mar 2025, 09:19 AM IST 
Power Finance Corp. and REC both have received upgrade from CLSA. (Photo source: X/pfcIlindia)
CLSA has upgraded its outlook on power financer stocks, including REC Ltd. and Power Finance Corp., highlighting their strong project pipelines and robust loan growth prospects. Both companies have been given a 'high conviction outperform' rating, reflecting CLSA’s confidence in their future performance.REC stock has a target price of Rs 525 from CLSA. The company’s loan growth over the past five to seven quarters has been strong, ra...
