MARKET EYE-PFC, REC surge on reform hopes

Mon Feb 4, 2013 1:58pm IST

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* Shares in power sector lenders such as Power Finance Corp
Ltd and Rural Electrification Corp Ltd gain
on speculation the government is preparing to offer new
incentives to revive stalled power projects.
* "Power Finance Corp will be the biggest beneficiary of reforms
in the sector," said Kishor Ostwal, CMD, CNI research.
* Expectations of good earnings by peer Rural Electrification
Corporation (REC) later in the day, is also seen
helping the stock.
* PFC shares up 5.5 percent while REC rise 4.5 percent.

 (manoj.dharra@thomsonreuters.com;
abhishek.vishnoi@thomsonreuters.com)
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