Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Economic Times

Rounak Khare

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

REC PFC Morgan Stanley Power Finance Corporation

Shares of Power Finance Corporation (PFC) and REC fell up to 3% on the BSE on Thursday, after domestic brokerage firm Morgan Stanley downgraded the stocks from Overweight to Equal-Weight. The brokerage also cut its target price for PFC to Rs 410 from Rs 510, while its target for REC was lowered to Rs 360 from Rs 430.

PFC and REC's loan growth has moderated sharply, while system and bank credit to the power sector have accelerated, according to Morgan Stanley.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Protesters spent months occupying an ancient cottonwood. Then a tense standoff with US border patrol came to a head

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

A judge seals Cornell case files after a Marine who shares a name with one of the accused men and his family face threats over a wrong address

A judge seals Cornell case files after a Marine who shares a name with one of the accused men and his family face threats over a wrong address

“You just see it again and again and again.”

We Got This Covered

Man accused of child rape set to become police chief in small Louisiana town

Man accused of child rape set to become police chief in small Louisiana town

Republican Christopher Paul is running unopposed for seat despite allegations he raped two girls 20 years ago

The Guardian - US

Related Stories

Top stories on inkl right now

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Protesters spent months occupying an ancient cottonwood. Then a tense standoff with US border patrol came to a head

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

A judge seals Cornell case files after a Marine who shares a name with one of the accused men and his family face threats over a wrong address

A judge seals Cornell case files after a Marine who shares a name with one of the accused men and his family face threats over a wrong address

“You just see it again and again and again.”

We Got This Covered

Man accused of child rape set to become police chief in small Louisiana town

Man accused of child rape set to become police chief in small Louisiana town

Republican Christopher Paul is running unopposed for seat despite allegations he raped two girls 20 years ago

The Guardian - US

Our Picks

As companies pour billions into Earth-based AI infrastructure, Google taking the data center race off-planet

Google will conduct experiments with its satellite in space for a year.

‘Halloweenmas’: how the spooky one-nighter turned into a month-long spectacular

Welcome to Halloweenmas, weeks of themed fun and gifts – from costume parties to decorating trees – without the stress, rules or cost of Christmas

The Guardian - UK

After Megan Fox Horrified Fans, Cameron Diaz Faces Scrutiny Over Her Looks As Comment About Aging Resurfaces

Cameron Diaz’s old Botox confession resurfaced after Megan Fox faced appearance-related criticism, prompting fresh online debate about cosmetic procedures and aging naturally.

Harvard’s $27.50 stained document was a rare Magna Carta original

Harvard Law School bought a stained and faded parchment in 1946 for just $27.50, believing it was an ordinary later copy of the Magna Carta. The document was catalogued as dating from 1327 and remained in the library for decades. Nearly 80 years later, medieval historians examining a digital image…

The Times of India

Former Black Midi frontman cancels US tour after sexual misconduct allegations

Flyers containing the accusations were handed out at show in Vancouver, Canada

The Independent UK

Why Is There So Much Liquid in Packaged Chicken?

If you have ever opened a package of raw chicken and found a puddle of liquid inside, you are not alone. The amount can sometimes be surprising, especially when the chicken looks like it is sitting in water. However, that liquid does not necessarily mean the chicken is spoiled or…

Grocery Coupon Guide

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play