Many pending litigation cases filed by the company. It seems their payments are getting stuck over the years. You should recheck your investment thesis in this company.

Here’s a summary of why PFC’s stock surged by 8% today, highlighting recent positive developments and management updates:

1. Strong Guidance & Strategic Shift:

• Clear Lending Strategy: PFC has ruled out lending to high-risk groups, notably Shapoorji Group and Vodafone Idea, effectively reducing exposure to sectors prone to financial instability.
• Core Business Growth: The company reaffirmed its focus on core lending activities, projecting a robust H2. Management maintained its loan book growth target at ~14% for FY25, signaling confidence in demand for their services.

2. New Sanctions in Conventional Generation Segment:

• PFC resumed sanctions in the conventional generation segment, which is an essential shift to a high-potential market, potentially expanding future revenue streams.

3. Resolution of Lanco Amarkantak Project:

• A major boost came with the resolution of the 1,920 MW Lanco Amarkantak project through the National Company Law Tribunal (NCLT), involving an outstanding amount of Rs. 2,376 crores.
• With the successful resolution, PFC reversed provisions worth around Rs. 200 crores, thereby improving profitability. As a result, the Net NPA ratio has reduced significantly to 0.72% for H1 FY25.

4. Historic Foreign Currency Fundraising:

• PFC achieved a landmark $1.265 billion multi-currency foreign currency loan deal through IFSC GIFT City, with multiple global banks participating. This underscores PFC’s growing credibility internationally, enhancing its ability to support large-scale infrastructure projects in India.

5. Strategic MoU with BEML Ltd.:

• PFC signed a Memorandum of Understanding (MoU) with BEML Ltd. to collaborate on financing significant infrastructure projects, reinforcing its position as a major contributor to India’s infrastructure expansion.

6. Strong Asset Quality & No New NPAs:

• Over the past year, PFC has not added any new Non-Performing Assets (NPAs), signaling strong risk management. With the recent reduction in Net NPA ratio and resolved projects, PFC’s balance sheet is in a stronger position than ever.

Investor Sentiment:

• These recent moves signal a strategic turnaround for PFC, shedding concerns around high-risk loans while focusing on profitable growth. The positive outlook for H2 and steady core business expansion reinforce investor confidence, explaining the significant uptick in today’s stock price.

coforge looks good to cross 9000 . any update on price targets for next 1 yrs time pls guide

He (the guy he hired) interviewed as many stakeholders in AMEX as he could and presented the evidence (“foot high stack of papers”). That’s the effort, whether hired or not. don’t know what you were expecting lol

Hi, @Ninad_Divekar As you have pointed out, most of the SME companies publish their results on a half-yearly basis.

We have also acknowledged the issue. We will try to work on improvising the screening filter for SME companies in the coming days.