Morgan Stanley sees up to 22% upside in PFC, REC
- Posted on July 11, 2025
- By Business News Today
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Morgan Stanley sees up to 22% upside in PFC, REC

Morgan Stanley has initiated 'Overweight' ratings on Power Finance Corporation (PFC) and REC, foreseeing significant upside potential of 18% and 22% respectively. The brokerage anticipates these stocks to outperform NBFC peers in asset quality and loan growth.