ICICI Securities has initiated a BUY call on Power Finance Corporation (PFC), assigning a target price of Rs 520, implying an upside of approximately 21% over the next 12 months.

NALCO, Mazagon Dock Shipbuilders, Power Finance Corporation, REC, Adani Ports, Reliance Industries, Bandhan Bank were among major gainers in today's trade as many stocks witnessed strong buying.

Motilal Oswal Financial Services has issued a BUY recommendation on Power Finance Corporation (PFC), setting a target price of Rs 485—representing a 17% upside from current levels.

PFC share price continued with its recovery on Thursday as the PSU counter closed 2.26 percent higher. PFC stock touched intraday high at Rs 408.8 and closed at Rs 404.70.

Power Finance Corporation share price declined to Rs 362 during early trades but recovery was witnessed during the afternoon trade.

Power Finance Corporation shares jumped 3.86 percent as buying continued from lower levels.