The days of explosive growth in terms of Share price is over.
But at around 300-350 Rs and 6-6.5 PE with approximately 10% EPS growth( i am considering on high base) can PFC/REC provide a consistent overall return over next 5 years with lets say 10% – 15% CAGR + 3-5% DY.
Rather than running around buying hydrogen/smart meter/transformer small caps at 80-100 PE.
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