PFC transferred subsidiaries Ananthpuram Kurnool Transmission Limited and Bhadla III transmission Limited to Power Grid Corporation of India on September 27

Power sector stocks are in high demand due to the growing interest from global investors and the government. However, cautious investors must watch out for high valuations.

Serentica Renewables, an Indian renewable energy developer, has secured Rs 3000 crores of debt funding from REC Limited. The funding will be used to develop hybrid renewable energy projects in Karnataka, with a capacity of 560 MW. This comes after the company recently secured Rs 2600 crores in debt funding from another major player in the power sector, PFC.

There are concerns over the company’s risk management practices and the robustness of its governance framework, the regulator said.

Technically, the stock's day RSI (14) is at 68.7. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 4.3, which is above its center and signal Line, this is a bullish indicator.

The PFC had proposed to issue bonus shares by capitalising securities premium account to the extent that each shareholder is entitled to a new equity share of Rs 10 each for every four equity shares of Rs 10 each

“The fossil fuel energy ecosystem, be it oil and gas, coal or the power generators and all these companies are still giving a decent value. There are financials which are at reasonable valuations and some of the commodity companies are still offering valuations which appear to be reasonable in my view.”

Markets will be influenced by global sentiments, and concerns with regard to rising crude price and weakening Rupee when they reopen next week. All in all, we will witness heightened volatility in coming weeks, so investors need to be prepared for the same.

Markets will be influenced by global sentiments, and concerns with regard to rising crude price and weakening Rupee when they reopen next week. All in all, we will witness heightened volatility in coming weeks, so investors need to be prepared for the same.

Several midcap stocks in the Indian stock market made significant moves by crossing their 20-day Simple Moving Averages (SMA) on September 7.

State-owned Power Finance Corporation (PFC) has signed a loan agreement with Assam Petrochemicals to provide a term loan of Rs 1,229 crore. The loan will be used to implement a 500 tonnes per day methanol plant and a 200 tonnes per day formalin plant in Assam.

Aditya Aggarwal who leads India investments at global infrastructure fund -Global Infrastructure Partners (GIP), has stepped down. He has put in his papers this week and details about his future plans are not yet known, said sources.