@NeoLongus You're absolutely right ✅️
It's richly valued among peers .
If you had read my past message , I was expecting Price band between 24-26
No Proper Answer to your Query
But yes , Maybe due to its maximum portfolio dedicated towards Renewable Energy
And REC , PFC has a Blend of Renewable and Non-renewable
Like IREDA has a more sustainable business model in Long Time Ahead
But Yes , PFC and REC are shifting towards Sustainable Energy Financing
I know the answer is not satisfactory ...
One can act upon this like - Taking Listing gains and then never coming back again 😅
#Happy investing