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PFC has consolidated as it should have. It also completed its H&S. Presently at strong support.
Buy above 95
PFC has FY17 expected EPS of 29.5 and FY17 BV of 165 (after interim dividend but before final dividend) and hence at current prices it is trading at a PE of just 5.5 and P/BV of 0.95. Its one of the cheapest finance stock in the market.
PFC corrected from 168 levels after the news came about Govt selling its 10% of its holding. Sale of share process will take ...