PFC
Active threads
PFC withdraws three-year bond issue as yields stay elevated
PFC withdraws three-year bond issue as yields remain elevated in market The state-owned lender raised ₹2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields Listen to This Article Power Finance Corporation (PFC) withdrew its planned three-year bond issuance on Monday as bids came in at yields higher than the company had expected, while it accepted ₹2,500 crore through a 15-year bond at a cut-off coupon of…
Morgan Stanley downgrades PFC and REC on valuation concerns
Shares of state-run power financiers REC Ltd. and Power Finance Corporation Ltd. (PFC) were both downgraded by Morgan Stanley in its latest note on Thursday, August 20.
Analysts flag oversold Lupin, PFC, Godrej Consumer
Lupin, PFC, Godrej Consumer: Oversold stocks on charts; analyst take here Sudeep Shah, Technical Research Analyst at SBI Securities, expects the bearish trend to continue in technically oversold stocks - Lupin, Godrej Consumer and PFC-and flags key hurdles to watch out for. Listen to This Article Equity markets have witnessed a sluggish trend in August thus far amid elevated crude oil prices.
PFC shares hit 4-month low after weak Q1 earnings
PFC shares dropped to Rs 398 apiece on the NSE on Monday morning, the lowest level seen by the stock in more than four months. On Friday, the company reported a slight decline in revenue from operations to Rs 28,527 crore in Q1 FY27, from Rs 28,539 crore in the corresponding quarter of the previous financial year. Along with the Q1 results, PFC announced an interim dividend of Rs 3.90 per share with a face value of Rs 10 each for the ongoing financial year 2027.
PFC share price target cut amid Q1 results
Despite strong asset quality, PFC saw earnings disappoint, leading to a cut in its price target by CLSA. However, the stock is still considered a 'consensus buy' and continues to be supported.
Intelligence feed
No articles in the last 24 hours.