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Business

Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade

The Economic Times ·

PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices.

The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29.

The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure.

Read the full article on The Economic Times ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.

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