PFC, REC surge on reform hopes

Mon Feb 4, 2013 2:42pm IST

Related Topics

Stocks

   

Reuters Market Eye - Shares in power sector lenders such as Power Finance Corp Ltd(PWFC.NS) and Rural Electrification Corp Ltd (RURL.NS) 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)(RURL.NS) later in the day, is also seen helping the stock.

PFC shares up 5.5 percent while REC rise 4.5 percent.

(Reporting by Manoj Dharra)

FILED UNDER:
  • Most Popular
  • Most Shared

Insight

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Infrastructure Plan

Infrastructure Plan

India targets private cash to build railways to its ports.  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Oil Prices

Oil Prices

Some fund managers see oil falling to $60 without OPEC cut.  Full Article 

Project Shelved

Project Shelved

Jindal Steel shelves $10 bln project after coal setback.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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