Why did PFC and REC move today?

Both rallied after Budget 2026 signalled a high-level banking committee and intent to scale PSU NBFCs, including PFC and REC. Traders anticipated potential benefits like cheaper funding and larger lending headroom. Gains faded from intraday highs as profit taking set in, pending concrete restructuring timelines and specifics.

What could restructuring change for shareholders?

Restructuring could reshape group structure, capital allocation, and governance. If execution lowers funding costs and improves growth visibility, valuation multiples may expand. However, integration risks, regulatory conditions, and competition could offset benefits. Clear timelines, capital buffers, and asset quality trends will determine whether value creation is sustained.

Key near-term levels for PFC and REC?

For PFC, watch ₹386, ₹360 as supports and ₹404, the ₹393 200-DMA as resistance. For REC, ₹368 and ₹359 are supports, with resistance near ₹379 and the ₹379 200-DMA. Momentum indicators suggest PFC is neutral, while REC reads overbought, which can lead to consolidation.

Is the dividend outlook stable for PFC and REC?

PFC’s TTM yield is 4.25 percent and REC’s is 5.43 percent. Stability depends on funding costs, credit performance, and growth. Policy-led changes that support cheaper liabilities and steady asset quality could support payouts, while higher spreads or weaker collections could pressure dividend coverage.

Law and Government

PFC.NS Stock Today: Budget Restructure Puts REC in Focus February 4

ByHuzaifa Zahoor February 4, 2026February 4, 2026

The pfc share price drew fresh bids after Budget 2026 flagged a high-level banking committee and possible restructuring of PFC and REC to scale PSU NBFCs. PFC.NS closed at ₹392.60 on 3 Feb, up 1.80 percent, with heavy volume. REC tracked higher too. Both saw profit taking from intraday highs as traders awaited policy details. We break down price action, the policy signal, and what it could mean for growth, competition, and capital in India’s power finance space.