Power Finance Corporation

REC Ltd will merge with Power Finance Corporation after the President's approval, nearly seven years post-PFC's acquisition of a majority stake. This merger aims to enhance efficiency in Public Sector NBFCs and will dissolve REC as per the Companies Act.

Power Finance Corporation reported a 2.87% increase in consolidated profit for Q4FY26, reaching ₹ 8,598 crore. However, revenue from operations fell by 1% to ₹ 28,919.52 crore. The company proposed a final dividend of ₹ 3.95 per share, adding to previous interim dividends.

On March 19, Nifty 50 and Sensex dropped over 3% due to HDFC Bank chairman's resignation and rising crude oil prices. Analysts recommend buying Ipca Laboratories, Great Eastern Shipping, Colgate Palmolive, Glenmark Pharmaceuticals, and Power Finance Corporation amid market volatility.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Godawari Power and Ispat Limited, Great Eastern Shipping Company, Aster DM Healthcare, Power Finance Corporation, and Tata Power Company.

PFC board of directors at their meeting held today, March 17, approved a fourth interim dividend of ₹ 3.25 per equity share on the face value of the paid-up equity shares of ₹ 10 per share each for FY 2025-26.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — HFCL, Cummins India, Ajanta Pharma, Power Finance Corporation, and Kirloskar Oil Engines.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Power Finance Corporation, Jammu and Kashmir Bank, Sarda Energy & Minerals, Bandhan Bank, and Hindalco Industries.

Q3 results today: Bharti Airtel, Nykaa, RVNL, Life Insurance Corporation of India (LIC), Indian Oil Corporation (IOC), Hero Motocorp, Tata Motors Passenger Vehicles, Power Finance Corporation are some of the marquee companies to declare their Q3 results today.