MARKET EYE-PFC, REC surge on reform hopes

Mon Feb 4, 2013 1:58pm IST

Related Topics

Stocks

   

* 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)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage