Daily and weekly charts for #RECLTD accumulation going on near multi year breakout level. Sharp movement can be expected soon. Cmp 124, have been constantly posting about it since 110 levels.
Same is true for #PFC. I am bullish on both and invested personally.
Chart Check: PFC breaks out of 12-year symmetrical triangular pattern on quarterly charts; where is it headed?
The stock hit a fresh 52-week high of Rs 161.90 on 9 January 2023. It witnessed some profit-taking on 10 January, but experts are of the view that the long-term trend is intact.
Big Movers on D-St: What should investors do with Godfrey Phillips, PFC and JSPL?
The stock doubled from its lowest level of Jun22 (Rs 304) and rose to 10-year high of Rs 607. Currently, the stock is trading tad below its prior point of polarity (Rs 620). In the past, the stock reversed after a short-term up-move and witnessed profit booking. The key technical indicators witnessed bearish divergence on short-term timeframe charts. Hence, profit booking advised at current juncture.
Hot Stocks | Zydus Lifesciences, PFC, Hindustan Zinc may fetch double-digit returns in short term. Here's why
Hindustan Zinc, now has started to get into higher high, higher low formation post October 2021. The stock has shown a bounce to the upside after retesting the Triangle pattern, the breakout was witnessed on November 14, 2022. This confirms the beginning of potential uptrend.
Besides Bank of Baroda, this stock is a potential candidate to enter MSCI: Report
The price requirement is as per the current global market capitalisation cut off levels, and these levels change on a daily basis. The market cap cut-off date will be any one day in the latter half of January, the brokerage said.Shares of Power Finance Corp have risen nearly 14% since December. The stock on Wednesday snapped its seven-day winning streak.
Buy Power Finance Corporation, target price Rs 148: ICICI Direct
Power Finance Corporation, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 38413.18 Crore) operating in Term Lending Institutions sector.
Ahead of Market: 10 things that will decide D-Street action on Friday
Headline equity index Nifty today formed a healthy bullish candle on the daily chart, which indicates an attempt at a sharp upside breakout of the crucial resistance around 18,400 levels. The index has been making higher lows in the last three sessions.
Corporate Radar: Power Finance, Bharat Forge to go ex-dividend and more
Housing Development & Infrastructure and Cargotrans Maritime will be announcing their Q2 results. Further, SRG Housing Finance will consider issue of warrants.
Pfc is on resistance line ... And dividend of rs3 ..Pull back it to 122.. then it will fall or no news zone pull back off to 108 and then it will form w pattern chart for bull run in PFC. #PFC
Corporate Radar: Hindustan Zinc to go ex-dividend; Maharashtra Seamless bonus issue
Later in the week, Bharat Forge ( Rs 1.5 per share), Power Finance Corporation (Rs 3 per share), and JM Financial (Rs 0.90 per share) will also trade ex-dividend.
Stocks in the news: Kaynes Tech, Jubilant Food, Delhivery, Nykaa, Lupin and JK Paper
Kaynes Technologies India is set to make its debut at the bourses on Tuesday after the company raised Rs 858 crore via its initial public offering between November 10-14 by selling the shares in the range of Rs 559-587 apeice.
Buy Power Finance Corporation, target price Rs 191: ICICI Securities
Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 31548.97 Crore) operating in Term Lending Institutions sector.
PFC, REC sign pact to finance 1,320 MW coal-fired power plant in Bihar
The power plant, though not a new announcement, signifies India’s continued reliance on coal for power generation despite the government simultaneously having big ticket renewable energy plans. Another 1,320 MW coal-fired plant will come up in UP's Khurja. Meanwhile, the estimated cost of the Buxar Thermal Power Plant has increased by nearly 17% in over three years
Rejection of the proposal to sell Power Finance Corporation’s (PFC) stake in Rural Electrification Corporation (REC) to Power Grid Corporation of India (Power Grid) had riled up the stocks since the news was out. Here's what the rejection means for PFC and REC-
Corporate bond issuance rises 49% on-month in September to Rs 82,378 crore
State Bank of India, Housing Development Finance Corp. Ltd, Power Finance Corp., Small Industries Development Bank of India, and HDFC Bank were among the top five issuers in September, together raising Rs 31,708 crore
Buy Power Finance Corporation, target price Rs 124: ICICI Direct
Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 30624.94 Crore) operating in Term Lending Institutions sector.
No takers for Union Bank’s bad debts despite lowering reserve price
On August 17, Union Bank issued a tender inviting bids for the power companys Rs 2,077-crore debt at a reserve price of Rs 919 crore for upfront cash, which was lower than Rs 935 crore reserve price set in mid-July, where it failed to attract any offers. Union Banks revised reserve price equated to a recovery of 44 paise on a rupee.
Corporate Radar: PFC, GSPL to turn ex-dividend; stock split; AGMs; and more
Shares of Ritesh Properties & Industries and Savita Oil Technologies will go ex-split today. Ritesh Properties & Industries had announced the splitting of shares into face value of Rs 1 from the face value of Rs 10 while Savita Oil Technologies had announced the splitting of shares into face value of Rs 2 from the face value of Rs 10.
The RP restarted the sale process of Lanco Amarkantak in January, soon after lenders rejected a binding bid from Vedanta Ltd, which had offered nearly Rs 3,000 crore to lenders, including Rs 2,150 crore in the form of bonds to be paid over seven years, part payment from cash balance lying in the company, and some upfront payment.