# PFC (PFC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/pfc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹342.55
- Change: -0.70%
- As of: 2026-09-18
- 1D return: -0.70%
- 5D return: -2.91%
- 1M return: -5.84%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹342.55, indicating a bearish technical stance across daily, weekly, and monthly timeframes. All observed moving averages and the Supertrend indicator are positioned above the current price on the daily chart, while on the monthly and weekly charts, the price is also below key moving averages and the Supertrend. This suggests a consistent downward pressure across multiple periods. The nearest support is observed at ₹342.32, approximately 0.07% below the current price, followed by ₹339.88. Resistance is noted at ₹343.63, about 0.32% above the current price, with further levels at ₹346.07 and ₹347.38.

Recent activity includes a "Doji" and an "Inside Bar" pattern on the monthly timeframe, suggesting potential indecision. However, the prevailing trend indicators across all timeframes point towards weakness. The stock has experienced a -0.06% return year-to-date and a -0.21% return over the last six months. Volatility is a consideration, with an annualized volatility of 32% and a current drawdown of -0.29%.

Key conditions to watch include price action relative to the immediate support at ₹342.32 and resistance at ₹343.63. A sustained move below ₹342.32 could signal further downside, while a break above ₹343.63 might indicate a potential shift. Monitoring the Supertrend direction across timeframes will be crucial for assessing trend changes.

- The stock's technical posture is bearish across daily, weekly, and monthly timeframes as of September 18, 2026.
- Nearest support is at ₹342.32 (0.07% below current price), with resistance at ₹343.63 (0.32% above current price).
- Monthly chart shows active "Doji" and "Inside Bar" patterns.
- Year-to-date return is -0.06%, and 6-month return is -0.21%.
- Watch for price movement breaking below ₹342.32 support or above ₹343.63 resistance.

- Doji
- Inside Bar
- Shooting Star
- Harami
- Bullish Engulfing Reversal
- Hammer

### News Context

This past week, Power Finance Corporation (PFC) was mentioned in a broader market context regarding dividend stocks. An article on September 17, 2026, highlighted five safe dividend stocks aimed at combating inflation, noting strong payout histories and healthy yields as key criteria. While PFC was not explicitly named as one of the five, its inclusion in such discussions suggests its potential appeal to income-focused investors, particularly in an inflationary environment. No direct company-specific news or announcements from PFC were reported during this period.

- On September 17, 2026, PFC was indirectly referenced in a discussion about dividend stocks suitable for beating inflation, emphasizing strong payout histories and healthy yields.

- Five safe dividend stocks to beat inflation in India
- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST

### What Changed

As of September 18, 2026, Power Finance (PFC) continues its listing on the NSE. Recent market data shows a slight decrease in its stock price, closing at ₹342.55 on September 18, 2026, down from ₹344.95 previously. No new filings or news directly impacting PFC were reported in the recent development period. Separately, news unrelated to PFC indicated that the Reserve Bank of India rejected Tata Sons' bid to surrender its NBFC license, which could lead to a mandatory listing for that entity.

- Power Finance (PFC) is listed on the NSE.
- The stock price closed at ₹342.55 on September 18, 2026.
- The previous closing price was ₹344.95.
- No new filings or news directly concerning PFC were reported as of September 18, 2026.

- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST

### Official Filings

Power Finance Corporation Ltd. (PFC) has confirmed the full redemption of its 7.70% Taxable Unsecured Bonds Series 227A. The company paid the principal amount of ₹12,000 lakhs and interest of ₹4,252.93 lakhs on September 15, 2026, marking the final settlement of this bond series. This action fulfills PFC's financial obligations for this specific debt instrument.

Separately, a Security Cover Certificate for PFC's secured listed non-convertible debt securities, pertaining to ISIN INE134E07DQ8 for the first quarter of FY 2026-2027, was issued on August 21, 2026. As of June 30, 2026, the certificate confirmed a security cover ratio of 1.00 times, which meets the requirement for covering interest and principal. This cover is secured by a first pari-passu charge on the company's receivables, with a total outstanding secured amount of ₹8,278.82 crore against a required cover of ₹8,170.24 crore.

- On September 15, 2026, Power Finance Corporation Ltd. completed the redemption of its 7.70% Taxable Unsecured Bonds Series 227A, paying ₹12,000 lakhs in principal and ₹4,252.93 lakhs in interest.
- The company has fully settled its obligations for the aforementioned bond series.
- A Security Cover Certificate for secured listed non-convertible debt securities (ISIN INE134E07DQ8) as of June 30, 2026, was confirmed on August 21, 2026.
- The certificate shows a security cover ratio of 1.00 times for the period, meeting the required cover for interest and principal.
- The security is backed by a first pari-passu charge on PFC's receivables, totaling ₹8,278.82 crore in secured outstanding amounts.

- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Beacon Trusteeship Limited has informed the exchange for Power Finance Corporation Limited regarding Security Cover Certificate of ISIN INE134E07DQ8 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate

### Fundamentals

Power Finance (PFC) reported its financial results for the period ending Q1 FY2026-27. Revenue from operations stood at ₹28,526.86 crore, showing a sequential decrease from ₹28,919.52 crore in Q4 FY2025-26 and ₹29,094.81 crore in Q3 FY2025-26. Interest earned also followed a similar trend, decreasing to ₹27,946.85 crore in Q1 FY2026-27 from ₹28,166.34 crore in Q4 FY2025-26 and ₹28,468.10 crore in Q3 FY2025-26. Finance costs have seen a slight reduction, reported at ₹17,250.42 crore in Q1 FY2026-27, down from ₹17,333.46 crore in Q4 FY2025-26. The company recorded a negative figure for Impairment On Financial Instruments in Q1 FY2026-27 at -₹1,522.59 crore, a notable shift from the positive ₹118.80 crore in Q3 FY2025-26 and a negative -₹793.81 crore in Q4 FY2025-26. Total expenses have also decreased sequentially to ₹17,303.09 crore in Q1 FY2026-27 from ₹17,764.79 crore in Q4 FY2025-26.

Investors may wish to monitor the trend in Impairment On Financial Instruments, as the negative figures in recent quarters suggest potential reversals or recoveries, which can impact profitability. The sequential decline in both revenue and interest earned warrants attention, alongside the reduction in finance costs. The company's ability to manage its expenses effectively in the face of these revenue trends will be a key factor.

- Revenue from operations for Q1 FY2026-27 was ₹28,526.86 crore.
- Interest earned in Q1 FY2026-27 was ₹27,946.85 crore.
- Finance costs for Q1 FY2026-27 were reported at ₹17,250.42 crore.
- Impairment On Financial Instruments was -₹1,522.59 crore in Q1 FY2026-27.
- Total expenses in Q1 FY2026-27 amounted to ₹17,303.09 crore.

### Bull Case

The company's common name is Power Finance, listed on the NSE. While recent news mentions "Five safe dividend stocks to beat inflation in India" and includes Power Finance among them, this is a general market commentary and not specific operational or financial news for the company. Technical indicators show a bearish trend across daily, weekly, and monthly timeframes, with the Supertrend indicator suggesting a bearish direction on all observed periods. The closing price of ₹342.55 on September 18, 2026, is below the 20-day, 50-day, and 200-day Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), indicating a downward price trend. Period returns are negative across all observed durations, including a -16% return over the last year and a -6% year-to-date return. The company is also experiencing a current drawdown of -29% and a maximum drawdown of -30%.

- Five safe dividend stocks to beat inflation in India
- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST

### Bear Case

The company's recent performance and technical indicators suggest a cautious outlook. The stock has experienced negative returns across multiple periods, including a 16% decline over the past year and a 20% drop in the last three months. Technical analysis indicates a bearish trend on daily, weekly, and monthly timeframes, with key moving averages and the Supertrend indicator signaling downward momentum. The current price is below its 20-day, 50-day, and 200-day simple and exponential moving averages, and the Average Directional Index (ADX) on the daily chart at 42.62 suggests a strong existing trend, which is currently bearish. The company is also trading at a significant drawdown of 29% from its recent highs.

- The stock has experienced a 16% decrease in value over the past year and a 20% decrease over the last three months as of 2026-09-18.
- Daily, weekly, and monthly technical trends are all indicated as bearish, with the Supertrend indicator showing a bearish direction on all timeframes.
- The current stock price of ₹342.55 is below its 20-day Simple Moving Average (SMA) of ₹351.99 and its 50-day SMA of ₹382.70.
- The company is currently experiencing a drawdown of 29%.

- Five safe dividend stocks to beat inflation in India
- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST

### FAQs

**What was the company's recent bond redemption activity?**

On September 15, 2026, Power Finance Corporation Ltd. confirmed the redemption and payment of interest and principal for its 7.70% Taxable Unsecured Bonds Series 227A. The total issue size was ₹12,000 lakhs. The company paid ₹4,252.93 lakhs in interest and the full principal amount upon maturity, resulting in a NIL outstanding amount for this series.

**What is the company's current technical trend based on daily indicators?**

As of September 18, 2026, daily technical indicators suggest a bearish trend. The closing price was ₹342.55, while the 20-day Exponential Moving Average (EMA) was 355.35 and the 50-day EMA was 376.26. The Supertrend indicator was at 365.46, also indicating a bearish direction. The Average Directional Index (ADX) at 42.62 suggests a strong trend, with the minus Directional Indicator (DI) at 30.27 and the plus DI at 10.25.

**What are the nearest support and resistance levels for the stock?**

As of September 18, 2026, the nearest support level identified is ₹342.32, which is approximately 0.07% below the current price. The nearest resistance level is ₹343.63, approximately 0.32% above the current price.

**How has the stock performed over different periods?**

As of September 18, 2026, the stock has experienced negative returns across various periods. Year-to-date (YTD) return was -6%, the return over the last 3 months was -20%, and the return over the last 6 months was -21%. The return over the last year was -16%.

**What was the security cover for the company's debt as of June 30, 2026?**

Beacon Trusteeship Limited informed the exchange that as of June 30, 2026, Power Finance Corporation Limited maintained a security cover ratio of 1.00 times for its secured listed non-convertible debt securities. This cover accounts for both interest and principal, and the company was in compliance with all covenants for these listed NCDs.

- Five safe dividend stocks to beat inflation in India
- RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Beacon Trusteeship Limited has informed the exchange for Power Finance Corporation Limited regarding Security Cover Certificate of ISIN INE134E07DQ8 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹346.07
- Risk regime: Price Risk Requires Attention

### Support levels
- 334.3375
- 342.31666666666666
- 339.8833333333333

### Resistance levels
- 402.39970703125005
- 411.03671875
- 420.4245239257813

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.70% |
| return_10 | -0.85% |
| return_1m | -8.52% |
| return_1y | -16.04% |
| return_20 | -5.84% |
| return_3m | -20.21% |
| return_5 | -2.91% |
| return_6m | -20.75% |
| return_since_start | -23.59% |
| return_ytd | -5.67% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -30.14% |
| annualized_volatility | +31.54% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Flat Revenue, but Larger Impairment Reversal and Lower Sequential Costs Push Profit Slightly Higher

Power Finance Corporation Limited’s first quarter of FY2026‑27 (ended 30 June 2026) delivered a small gain in net profit. Revenue from operations was virtually unchanged from a year earlier and dipped slightly from the preceding quarter, but a much larger reversal of impairment provisions on financial instruments — together with a sequential decline in finance costs — lifted pre‑tax profit. The bottom line also benefited from a lower effective tax rate compared with the March 2026 quarter. A sharp swing in other comprehensive income drove a big jump in comprehensive income, though that swing reflects volatile non‑operating items.

## Revenue and Interest Income: Top Line Remains Largely Flat

Total revenue from operations stood at ₹28,526.86 crore, down 1.36% from ₹28,919.52 crore in the March 2026 quarter (Q4 FY2025‑26) and almost flat against ₹28,539.04 crore in Q1 FY2025‑26 (‑0.04%).

Interest earned, the dominant component of revenue, was ₹27,946.85 crore. It declined 0.78% quarter‑on‑quarter and 1.1% year‑on‑year. Other income recovered to ₹36.31 crore from a negative figure in Q4 (−₹62.92 crore) but was still 59.6% lower than the ₹89.88 crore recorded a year earlier. Fees and commission income totalled ₹359.91 crore in the current quarter, contributing to overall revenue without changing the flat top‑line picture.

## Expenses and Profitability: Impairment Reversal Provides the Lift

Total expenses fell to ₹17,303.09 crore, a decline of 2.6% from Q4 and 0.73% from Q1 FY2025‑26.

Finance costs, the largest expense, came in at ₹17,250.42 crore — a sequential drop of 0.48%, but a slight increase of 0.27% compared with the same period last year. The main driver of the overall expense reduction was a significantly larger reversal of impairment provisions on financial instruments. The impairment line was −₹1,522.59 crore (a credit to expenses), compared with −₹793.81 crore in Q4 and −₹1,291.61 crore a year ago. This larger reversal directly reduced reported expenses and boosted pre‑tax profit.

Profit before tax rose to ₹11,260.08 crore, up 1.52% from Q4 and 0.55% from the year‑ago quarter. Tax expense of ₹2,262.16 crore was 9.3% lower than the previous quarter but 2.0% higher than a year earlier, implying a lower effective tax rate sequentially. Net profit (profit for the period) reached ₹8,997.92 crore, gaining 4.66% quarter‑on‑quarter and 0.18% year‑on‑year.

The net profit margin (net profit / revenue from operations) improved to 31.5% from 29.7% in Q4, while it remained broadly stable compared with 31.5% a year earlier.

## Comprehensive Income: Volatile OWI Drives a Large Swing

Comprehensive income for the period surged to ₹13,446.38 crore — more than triple the ₹3,510.61 crore in Q4 and more than double the ₹6,108.20 crore in Q1 FY2025‑26. The entire swing came from other comprehensive income (OCI), which flipped from −₹5,087 crore in Q4 to +₹4,448.46 crore in the current quarter. OCI primarily captures mark‑to‑market changes on investments and actuarial gains or losses, items that are inherently volatile and not part of the company’s regular lending operations.

## Key Takeaway

PFC’s first‑quarter net profit edged higher, supported mainly by a materially larger reversal of impairment provisions that compensated for stagnant revenue and a small year‑on‑year rise in finance costs. Interest income showed no growth, while the sharp improvement in comprehensive income came from volatile non‑operating items. The quarter’s results underscore stable profitability but no revenue expansion.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-18 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_18092026163925_RD_NSE_Q3_26-27.pdf)
- 2026-09-16 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_16092026124248_151Bcompliance.pdf)
- 2026-09-15 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_15092026130603_BS227A_COMP.pdf)
- 2026-09-15 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_15092026151728_1BS227_COMP.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)
- 2026-09-09 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BTL_09092026125900_Security_Cover_Certificate.pdf)

## News and market events

- 2026-09-17 — Mint: **Five safe dividend stocks to beat inflation in India** — With inflation putting pressure on purchasing power, here are 5 dividend stocks with strong payout histories and healthy yields. — [Source](https://www.livemint.com/market/stock-market-news/dividend-stocks-in-india-best-dividend-stocks-high-dividend-yield-stocks-11789555861801.html)
- 2026-09-12 — Orissa POST: **RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST** — Mumbai: The Reserve Bank has rejected Tata Sons’ application to surrender its core investment company registration, killing the Tata Group holding company’s attempt to avoid a mandatory stock-market listing and setting the stage for it to become publicly traded, sources said Saturday. The rejection was conveyed in a letter received by Tata Sons’ company secretary […] — [Source](https://www.orissapost.com/rbi-rejects-tata-sons-bid-to-surrender-nbfc-licence-setting-stage-for-mandatory-listing)
- 2026-09-03 — CNBC-TV18: **Dividend hunters, take note: These 10 stocks offer nearly 10% yield** — TCS, HCLTech, GAIL, and ONGC feature among 10 stocks offering some of the highest dividend yields based on FY26 adjusted payouts. PTC India leads the list at nearly 10%, followed by Coal India and REC. — [Source](https://www.cnbctv18.com/photos/market/dividend-stocks-tcs-hcltech-gail-rec-ongc-ptc-india-offer-up-to-10-pc-yield-report-19983365.htm)
- 2026-09-03 — BUSINESS: **Volumes soar at Elgi Equipments Ltd counter** — Elgi Equipments Ltd recorded volume of 6.62 lakh shares by 10:46 IST on BSE, a 22.76 times surge over two-week average daily volume of 29096 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-soar-at-elgi-equipments-ltd-counter-126090300304_1.html)
- 2026-08-26 — CNBC-TV18: **AI data centres could lift India's annual power demand growth from 5.5% to 6%: Bernstein** — Bernstein's Nikhil Nigania says AI-driven data centers could lift India's power demand growth to 6% annually, while a renewable tender priced below thermal power marks a shift in the sector. He also flags loan book pressure at PFC and REC. His top picks span L&T, JSW Energy, NTPC and Adani Green. — [Source](https://www.cnbctv18.com/market/bernstein-artificial-intelligence-data-centers-india-power-demand-growth-6-jsw-energy-larsen-toubro-ntpc-pfc-rec-thermal-solar-energy-19977337.htm)
- 2026-08-25 — BUSINESSTODAY: **PFC, REC shares: Why Bernstein sees 37-41% upside for two Maharatna PSU stocks** — PFC share price, REC share price: PFC Bernstein target, REC Bernstein target, Maharatna PSU stocks, PSU stocks, PFC target, REC target — [Source](https://www.businesstoday.in/markets/stocks/story/pfc-rec-shares-why-bernstein-sees-37-41-upside-for-two-maharatna-psu-stocks-551111-2026-08-25)
- 2026-08-20 — Economic Times: **Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade** — PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure. — [Source](https://cfo.economictimes.indiatimes.com/news/power-finance-corporation-and-rec-shares-fall-up-to-3-after-morgan-stanley-downgrade/133373124)
- 2026-08-20 — Economic Times: **Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade** — PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/power-finance-corporation-and-rec-shares-fall-up-to-3-after-morgan-stanley-downgrade/articleshow/133367186.cms)
- 2026-08-20 — CNBC-TV18: **'Consensus buy' PFC, 'no sell' REC get downgraded; Check rationale and new targets** — Any potential recovery for both REC and PFC from hereon, will only be gradual, according to Morgan Stanley, who, as a result, has also cut its earnings estimates for both these companies. — [Source](https://www.cnbctv18.com/market/rec-pfc-share-price-morgan-stanley-downgrades-target-returns-factors-key-risks-returns-19973316.htm)
- 2026-08-19 — The Hindu: **IREDA loan: CBI registers case against Gensol Engineering, BluSmart founders over ₹672-crore alleged loss** — Loss of ₹453.77 crore as principal amount outstanding on account of Gensol Engineering and ₹218.97 crore as principal amount on account of Gensol EV Lease Limited, excluding interest liability. — [Source](https://www.thehindu.com/news/national/ireda-loan-cbi-registers-case-against-gensol-engineering-blusmart-founders-over-672-crore-alleged-loss/article71366523.ece)
- 2026-08-14 — Mint: **Pulse of the Street: Tata jitters, metal rout weigh on Indian equities** — Indian equities fell 0.8% this week as Tata succession uncertainty and a sell-off in metals outweighed gains in telecom and realty stocks, leaving India behind a broader AI-led rally across Asia. — [Source](https://www.livemint.com/market/stock-market-news/pulse-of-the-street-tata-jitters-metal-rout-weigh-on-indian-equities-11786708624550.html)
- 2026-08-13 — Mint: **IRFC: Why the railway stock keeps falling despite record profit** — IRFC delivered its strongest-ever quarter, but a shrinking loan book, falling margins, government stake sales and a still-premium valuation are weighing on the stock. — [Source](https://www.livemint.com/market/stock-market-news/irfc-why-the-railway-stock-keeps-falling-despite-record-profit-11786551327127.html)
- 2026-08-10 — MONEYCONTROL: **Taking Stock: Sensex, Nifty end flat in rangebound trade; realty shines, PSU banks drag** — Taking Stock,Sesnex,Nifty — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-sensex-nifty-end-flat-in-rangebound-trade-realty-shines-psu-banks-drag-14000264.html)
- 2026-08-10 — CNBC-TV18: **Q1 Results LIVE Updates: Titan, Ola Electric react to earnings; Bharat Forge, Vodafone Idea report today** — Q1 Results LIVE Updates: Bharat Forge Vodafone Idea, Hindustan Copper, Wockhardt, Info Edge, Zee Entertainment, Linde India, ideaForge, Gland Pharma, Bosch, Astra Micro, AstraZeneca Pharma, are among the companies reporting their earnings today. Earnings reactions will come from stocks like Kaynes Tech, PFC, Delhivery and many other stocks. Watch this space for all the LIVE results updates of the first quarter. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-vodafone-idea-bharat-forge-pfc-kaynes-sbi-oil-titan-wockhardt-hind-copper-delhivery-ola-share-price-liveblog-19965183.htm)
- 2026-08-10 — BUSINESSTODAY: **Top stocks in news: Titan, Ola, PFC, Oil India, Kaynes, Anant Raj, Godawari Power, Akums** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Titan Company, Ola Electric Mobility, Power Finance Corporation, Oil India, Kaynes Technology India, Anant Raj, Hitachi Energy India, Raymond Realty, Azad Engineering, Godawari Power & Ispat, Akums Drugs and Pharmaceuticals, Entero Healthcare Solutions, Nitin Spinners, Ambika Cotton Mills — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-titan-ola-pfc-oil-india-kaynes-anant-raj-godawari-power-akums-548205-2026-08-10)
- 2026-08-10 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: CLSA cuts target for REC,PFC; GIFT Nifty trades flat** — Sensex Today | Stock Market LIVE Updates: The Nifty holding 24,500 on the downside could be considered positive as it could indicate the formation of a base and the bulls would want the index to hold on to those levels. On the upside, Monday's closing level of 24,774 and then the 24,800 mark will be key to watch. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-oil-banks-midcaps-bajaj-fin-pfc-kaynes-ola-bharat-forge-share-price-liveblog-19965161.htm)
- 2026-08-09 — CNBC-TV18: **Stocks to Watch for August 10: Titan, Oil India, NLC, Ola Electric, PFC and more** — Titan Company, NLC India, Hitachi Energy India, Power Finance Corporation, Oil India, Apollo Microsystems and others reported results after Friday’s close and over the weekend, putting these stocks in focus on Monday. Bosch, Vodafone Idea, Hindustan Copper and Dilip Buildcon are also due to report results on August 10. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-10-titan-oil-india-ola-electric-pfc-delhivery-nlc-and-more-19964868.htm)
- 2026-08-07 — The Hindu: **Q1 Results 07th Aug Highlights: BI, Titan, Hindalco, Hitachi Energy, Oil India and PFC post profit growth; Ola Electric, BEML losses narrow; HGS slips into loss** — Q1 Results Today, 07th August 2026 highlights: Find all the latest Q1 results 2026 updates of Aarti Pharmalabs, Advait Energy Transitions, Amba Enterprises, Afcons Infrastructure, AG Ventures, Akshar Spintex, Alankit, Anuh Pharma, APM Industries, Aqylon Nexus, Archidply Industries, Arihant Superstructures, Arnold Holdings, Aro Granite Industries, Arvind SmartSpaces, Aryan Share and Stock Brokers, Asarfi Hospital, Ashapura Minechem, Ashirwad Steels & Industries, Asit C Mehta Financial Services, A... — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-highlights-sbi-titan-hindalco-power-finance-corporation-godrej-consumer-oil-india-nlc-kaynes-tech-ramco-cements-afcons-infra-lemon-tree-cello-hitachi-lic-trent-results-07-august-202/article71313123.ece)

## Business profile

**Strategic vision:** Provides financial assistance across the power value chain.

### Business segments
- **Fund-Based Products:** Offers various loans and financing solutions for power and related infrastructure projects, including conventional power, renewable energy, transmission, distribution, and non-power infrastructure.
- **Non-Fund-Based Products:** Provides support for project execution and financial structuring without direct lending, including Letters of Undertaking, Guarantees, and Letters of Comfort.
- **Consultancy Services:** Offers non-fund-based consultancy and advisory services through subsidiaries, covering transaction advisory, project development, smart solutions, and procurement of power.

### Competitive strengths
- Position as a specialized financial institution in the power sector.
- Lean and professionally managed organization structure.
- Recognition as a Maharatna Central Public Sector Enterprise.
- ISO 9001:2015 and ISO 45001:2018 certifications.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/pfc
Markdown representation: https://faxioms.com/stocks/pfc?render=md