News for Power Finance Corporation Limited (PFC.BO)

REC rose by as much as 3.5% on Thursday to Rs 416.10 on the BSE, while PFC gained 2.9% to Rs 407.10. Macquarie set a target price of Rs 700 for REC and Rs 660 for PFC, suggesting an upside potential of about 68% and 62%, respectively, from current levels.

Gensol Engineering shares plunged 10% to a 52-week low of Rs 372.60 on the BSE, extending a 28% fall over two sessions. The drop followed CARE Ratings' downgrade due to loan servicing delays. The stock has declined 63% from its peak, with technical indicators signaling continued weakness amid liquidity concerns and bearish momentum.

Gensol Engineering shares hit the lower circuit, plunging 20% to Rs 413.95 after CARE Ratings downgraded its bank facilities due to loan servicing delays. The stock is down 63% from its peak, trading below key moving averages. CARE flagged liquidity concerns, citing poor debt servicing. Technical indicators signal continued weakness.

CLSA has upgraded Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to 'High Perform' due to robust loan growth, strong return on equity, and attractive dividend yields. The target price for both is set at Rs 525. CLSA highlights minimal asset quality concerns and a positive mid-teen loan growth outlook for FY26-27 for both companies.

Tax-free bonds offer senior citizens a tax-efficient investment option with attractive yields and capital preservation benefits.

TP Solar Limited, Tata Power’s solar manufacturing arm, has bagged a Rs 632 crore worth contract from SECI. The Tata group firm would supply 292.5 MWp DCR solar modules to SECI, as per a stock exchange filing.

Buzzing Stocks Today, Stocks that will see action today: February 17, 2025 - Wipro, EMS, Fineotex Chem, BEL, BHEL, Kitex Garments, Alembic Pharma, JSW Energy, Uno Minda

Feb 12, 2025 / 10:00AM GMTOperator Ladies and gentlemen, good day and welcome to the Power Finance Corporation Limited 3Q FY25 conference call hosted by Equirus

In January, mutual funds bought stocks worth Rs 575 billion in India's secondary market, with key additions in Axis Bank, HDFC Bank, and ICICI Bank. Major reductions were seen in Reliance Industries, ITC, and Bharat Electronics. Notable entries included Adani Wilmar in mid-cap and AXISCADES Technologies in small-cap. Mutual funds actively managed their portfolios, focusing on large, mid, and small-cap stocks.

Stocks including Vodafone Idea, NBCC (India), BEML, Hero Moto, IRCTC, Kolte Patil, ITC, Jupiter Wagons, Cyient DLM and more will be in the spotlight on Wednesday, February 12.

Juniper Green Energy secures $1 billion in debt financing for renewable projects, strengthening operational capacity and meeting clean energy demand.

Stocks including Reliance Industries, Infosys, LTIMindtree, TCS, Axis Bank, BPCL, Havells, PFC, Mastek, TVS Motor, Mobikwik and more will be in the spotlight on Friday, January 17.

According to ACE Equity data, Rail Vikas Nigam was the top performer, surging an incredible 1,116% over three years. Cochin Shipyard followed with a 765% return.

Sensex declines by 451 points as JSW Energy experiences a significant dip.

Stocks including Reliance Industries, Adani Enterprises, Vodafone Idea, Ola Electric, Reliance Power, Senores Pharma and more will be in the spotlight on Monday, December 30.

Reliance Power said the proceeds of the loan would be utilised for general corporate purposes including future investment of the group in renewable energy projects and flue gas desulfurization capex of Rosa.

PSU stocks, including RVNL, Cochin Shipyard, and Mazagon Dock, saw substantial growth in 2024, outperforming benchmark indices. Driven by low valuations, revenue visibility, and improved performance, some became multibaggers. However, Q1FY25 earnings disappointments led to a recent downturn. Analysts predict market volatility in 2025 but remain optimistic about PSU sectors tied to government spending.

ET Wealth has identified nine stocks where analysts have upgraded the full-year earnings or PAT estimates for both 2024-25 and 2025-26. These nine stocks are likely to offer a potential double-digit appreciation in the share price.

Retail investors reduced their holdings in several PSU stocks during Q2 FY25 due to valuation concerns and election results. Despite the PSU index underperforming the Sensex over the past six months, some analysts remain optimistic about the sector's long-term prospects, citing government spending and growth in oil, gas, and utilities.