PFC Share Price: Shares of Power Finance Corporation (PFC) came under pressure on Monday, August 10, with the stock falling sharply during the trading session. PFC shares were trading at ₹396.10 on the NSE, down ₹23.90 or 5.69%, at around 11:18 AM IST, according to market data. The stock had closed the previous session at ₹420.
The fall comes after a period in which the power-sector financing major has remained firmly on investors’ radar, helped by its earnings performance, dividend history and the proposed merger with REC.
PFC Share Price Today: Stock Opens Lower
Power Finance Corporation shares opened at ₹412.10 on August 10, compared with the previous close of ₹420. During the session, the stock touched an intraday high of ₹414.65 before slipping to a low of ₹396.
At the time of the latest available market update, nearly 89.1 lakh shares had changed hands. The stock’s 52-week range stands between ₹329.90 and ₹486.50, highlighting the sizeable movement PFC has witnessed over the past year.
The sharp one-day decline is therefore notable, particularly because the stock had closed at ₹420 on August 7.
PFC Share Price: Why Investors Are Watching the Stock
The immediate price move is only one part of the PFC story. Investors are also tracking the company’s latest financial performance and its strategic plans for the power-financing business.
PFC’s latest available financial data shows continued growth in profitability. For the June 2026 quarter, the company reported revenue of about ₹28,526.86 crore, while operating profit stood at approximately ₹11,260.08 crore. Profit for the quarter was reported at around ₹8,997.92 crore, according to the latest market-data compilation.
On a full-year basis, PFC’s FY26 revenue was reported at ₹1,15,443.61 crore, compared with ₹1,06,501.62 crore a year earlier. Net profit increased to ₹33,625.34 crore from ₹30,514.40 crore in FY25.
That earnings profile remains one of the major factors investors are considering when assessing the PFC share price.
PFC-REC Merger Remains a Major Trigger
Another major development surrounding PFC is the proposed merger with REC Limited.
The boards of PFC and REC approved the merger scheme in June 2026. Under the proposed arrangement, shareholders of REC would receive 88 PFC shares for every 100 REC shares.
The combined institution is expected to have a loan book of more than ₹11 lakh crore, creating one of India’s largest power-sector financing platforms. The transaction, however, remains subject to the required shareholder, creditor and regulatory approvals.
For PFC shareholders, the merger is important because it could reshape the company’s scale, capital base and position in India’s rapidly expanding power and infrastructure financing market.
Dividend Track Record Keeps PFC on Investors’ Radar
PFC has also remained popular among investors looking for PSU stocks with a regular dividend profile.
The company had recommended a final dividend of ₹3.95 per equity share for FY26, subject to shareholder approval. This was in addition to interim dividends of ₹14.60 per share declared during the financial year.
The company’s dividend history is one reason PFC continues to attract attention from income-focused investors, even when the stock experiences short-term volatility.
PFC Share Price: Key Levels to Watch
From a market perspective, the ₹396 area is now an important near-term reference point because it represents the latest intraday low in Monday’s session.
On the upside, traders will likely keep an eye on the ₹414-₹420 zone, which covers Monday’s opening area and the previous closing price.
The broader picture is also worth watching. PFC’s 52-week high stands at ₹486.50, while the 52-week low is ₹329.90.
A sustained move back above recent resistance could improve sentiment, while continued weakness could bring the lower end of the recent trading range into focus.
PFC Valuation: What the Numbers Show
At the latest available price, PFC’s market capitalisation was around ₹1.38 lakh crore.
The stock’s reported price-to-earnings ratio was around 4.12, while the price-to-book ratio was close to 1.04. Its reported return on equity stood at about 18.22%, with a dividend yield of roughly 4.42%.
These figures help explain why PFC continues to attract interest from investors searching for relatively low-valued PSU and financial stocks. However, valuation ratios alone do not determine whether a stock will rise or fall in the short term.
What Should Investors Watch Next?
For PFC shareholders, three factors could remain particularly important.
First, the share price reaction. Monday’s sharp decline will need to be watched over the next few sessions to determine whether it is a temporary correction or the beginning of a broader trend.
Second, the PFC-REC merger. Regulatory and shareholder developments around the proposed transaction could become important sentiment drivers.
Third, earnings and asset quality. PFC’s ability to maintain loan growth, profitability and asset-quality improvements will remain central to its long-term valuation.
The company has already demonstrated strong earnings growth over the past financial year, but investors will want to see whether that momentum can continue as the power financing market evolves.
PFC Share Price Today: The Bottom Line
The PFC share price fell 5.69% to ₹396.10 on August 10, 2026, putting the stock under significant intraday pressure. The decline comes despite PFC’s strong recent earnings profile and the broader strategic significance of its proposed merger with REC.
For investors, the key question now is whether the decline develops into a deeper correction or attracts buying interest around lower levels. With the PFC-REC merger, dividend track record and power-sector investment cycle all in focus, the stock is likely to remain closely watched in the coming sessions.
About the Author
