Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Oil India Ltd leads losers in 'A' group
Avalon Technologies Ltd, TD Power Systems Ltd, IFCI Ltd and Manappuram Finance Ltd are among the other losers in the BSE's 'A' group today, 10 June 2026.
Power Finance Corporation Ltd soars 2.2%, up for third straight session
Power Finance Corporation Ltd is quoting at Rs 433.8, up 2.2% on the day as on 12:49 IST on the NSE. The stock is up 3.68% in last one year as compared to a 6.52% fall in NIFTY and a 6.42% fall in the Nifty Financial Services index.
Rate sensitive shares trade mixed post RBI policy; NBFC's rally up to 4%
Bajaj Finance, Shriram Finance, Cholamandalam Investment, REC and Power Finance Corporation were up between 2.5 per cent 4 per cent in intra-day deals on Friday.
PFC stock eyes breakout, can gain up to 11%; Bajaj Broking explains why
Power Finance Corporation's share price is at the cusp of generating a breakout above the falling trendline joining the last 2 months' highs, says Bajaj Broking.
Power Finance Corporation Ltd slips for fifth straight session
Power Finance Corporation Ltd is quoting at Rs 413.45, down 1.82% on the day as on 13:19 IST on the NSE. The stock jumped 1.52% in last one year as compared to a 4.38% slide in NIFTY and a 5.12% fall in the Nifty Financial Services index.
PFC board clears next step for REC merger, seeks govt approval
Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while ensuring the merged entity retains its government-company status.
Power Finance Corporation board moves REC merger proposal for Presidential approval
Shares of Power Finance Corporation ended at ₹444.00, down 1.63% or ₹7.35 on the BSE, while shares of REC Ltd ended at ₹345.70, down 0.72% or ₹2.50 on the BSE.
PFC-REC merger may not be a priority amid war squeeze
Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fall below 51 percent. This could require a substantial capital infusion of around 25,000 crore rupees. Analysts question the feasibility of this. The merger is targeted for April 1, 2027. Discussions continue on the final structure.
Q4 Results LIVE Updates: JSW Steel, Muthoot react to results; Tata Steel, Power Grid report today
Q4 Results LIVE Updates: Two Nifty 50 companies Tata Steel and Power Grid along with broader market names like ITC Hotels, Hindustan Copper, Godfrey Phillips, Gland Pharma, Cochin Shipyard, Deepak Nitrite, Balrampur Chini, Arvind, Bajaj Electricals, Aarti Drugs, Aether Industries, Alembic Pharma, NCC, NHPC, Premier Energies, SAIL, SJVN, Solara Active Pharma, Symphony, Thangamayil, Triveni Engineering, VST Tillers, are among the companies reporting their earnings today. JSW Steel, Muthoot Finance, Apollo Tyres, Endurance Tech, Voltas, are some of the other result reactions today. Watch this space for all the LIVE updates.
India's gold loan market has huge potential, there's lot of idle metal: George Alexander Muthoot
The rise in prices will add to the growth momentum as it will give more borrowing power to those who are pledging gold. The uncertainties will not change the course of the gold loan market. And the price fluctuation won't matter since there is enough cushion. While disbursing loans, the loan to value (LTV) ratio is 75% but the ratio comes down when price increases. Over the last two years, the gold price have risen although recently a small correction has happened from the high, says George Alexander Muthoot, managing director, Muthoot Finance.
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI norms
Power Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India's power sector. Both companies have received in-principle approval for the restructuring. Legal and financial advisors have been appointed. Discussions on the detailed structure are ongoing and require regulatory approvals.
Power Finance Corporation consolidated net profit rises 10.81% in the March 2026 quarter
Sales decline 1.09% to Rs 28673.13 crore