CMP: 250

Power Finance Corporation funds power projects in India. The Company serves state power utilities, central power sector utilities, power departments, private power sector utilities, joint sector power utilities, power equipment manufacturers, and municipal power utilities.

Power finance corporation is a safe buy in large cap space. Its an excellent dividend yielding stock with yields of close to 2% this year. Its currently trading 30% off its peaks and is close to its support levels. NPM is at 25% and is strong. Revenues are growing at 25% a year and is very good for a large cap. Buy and Accumulate on dips at current levels to reap long term gains.