Power Finance Corporation Ltd (PFC)

Power Finance Corporation Reports Strong Q4 Results - 17 May, 2024

Shares of Power Finance Corporation have surged by 172% over the past year. The company reported a strong Q4FY24 consolidated net profit of ₹7,556.43 crore, and brokerage CLSA believes that higher provisions will not impact its profitability due to sufficient capital.

Power Finance Corp Reports Strong Financial Results - 16 May, 2024

State-owned energy and infrastructure lender Power Finance Corporation (PFC) reported strong financial results for Q4 and FY24, with consolidated net profit rising by 23% YoY to Rs 7,556 crore in Q4 and 25% YoY to Rs 26,461 crore in FY24. The company also sought government help to loosen the RBI leash on project financing.

Power Finance Corp Reports Strong Financial Results - 15 May, 2024

State-run Power Finance Corporation (PFC) reported strong financial results for FY24, with a 25% increase in net profit and a balance sheet crossing the ₹10 trillion mark. The company also signed an MoU with the Goa government and sees growth opportunities in both power and infrastructure sectors.

PFC Stock Rebounds After RBI Guidelines Clarification - 08 May, 2024

State-run power sector financier PFC seeks legal advice on approving a Rs 15,000 crore loan to Shapoorji Pallonji Group's promoters. Meanwhile, PFC's stock price rallies nearly 5% after REC clarifies that RBI guidelines will not impact profitability or net worth. Additionally, PFC declares a total dividend payout of Rs 11 per share for FY24.

PFC and REC Stocks Plummet Due to Stricter Regulations - 07 May, 2024

Power Finance Corporation Ltd (PFC) and Rural Electrification Corporation (REC) saw significant drops in their stock prices after the Reserve Bank proposed stricter regulations governing lending to projects under implementation. Stock market experts advise shareholders not to panic.

PFC Stock Recovers After Intra-Day Dip Due to New RBI Guidelines - 06 May, 2024

Power Finance Corporation Ltd (PFC) saw its stock fall by up to 12% following the Reserve Bank of India's draft guidelines on project financing. However, a CLSA report noted that the impact on both company's profit and loss would be minimal, impacting possibly only capital adequacy ratios. The stock recovered later in the day.

PFC Stock Rallies on Nodal Agency Appointment and Positive Sentiment - 03 May, 2024

Shares of Power Finance Corporation Ltd (PFC) hit a new high of Rs 485.30, gaining nearly 4% in intra-day trade after being appointed as the nodal lending agency for the Revamped Distribution Sector Scheme. PFC also gained nearly 6% to close at Rs 467.50 due to positive sentiment and analysts' belief that the stock is undervalued.

Power Finance Corporation Stock Continues Bull Run - 02 May, 2024

Power Finance Corporation (PFC) stock has been consistently gaining due to renewed interest in thermal capacity addition following the Government of India's announcement regarding the addition of 80 GW and emphasis on grid stability. Analysts predict continued growth for PFC due to robust funding potential for renewable energy projects and increasing infrastructure credit uptake.

Power Finance Corporation Ltd Stock Looks Good for an Up Move - 25 Apr, 2024

Analysts suggest that Power Finance Corporation (PFC) stock is set to give an up move and can be bought with a stop loss of Rs 394 and an initial target of Rs 425.

Power Finance Corporation Provides INR 3,918 Crore Loan to Vedanta - 18 Apr, 2024

Power Finance Corporation has provided an INR 3,918 crore loan to Vedanta Ltd for the completion of its power projects. PFC is India's largest power-sector lender and typically extends financing to corporations that own promising power projects and manufacture power-sector equipment.