Entry / Compounding / Averaging in PFC can be done after closing above 138 closing. The target for PFC will be 142, 148. Long term target in the stock will be 153. Stop loss in the stock can be maintained at a closing below 122.
The Dividend yield of the stock is staggering 9.2% at CMP. Valuation of the stock is affordable as the stock is trading at a PE of 2.5.
The negative aspect of the company is that MFs have decreased their stake off late and the net cash flow of the company is decreasing.
The positives of the company are that FIIs are increasing stake. As mentioned dividend yield has historically been very high for PFC. Net Profit of this PSU is increasing since last 2 years.
The Dividend yield of the stock is staggering 9.2% at CMP. Valuation of the stock is affordable as the stock is trading at a PE of 2.5.
The negative aspect of the company is that MFs have decreased their stake off late and the net cash flow of the company is decreasing.
The positives of the company are that FIIs are increasing stake. As mentioned dividend yield has historically been very high for PFC. Net Profit of this PSU is increasing since last 2 years.
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