PFC Dividend
The Board of Directors considered and approved “Declaration of fourth interim dividend @ Rs.3.50/- per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of 10/- each for the FY 2024-25. It is to inform that 19.03.2025 (Wednesday) shall be reckoned as the ‘Record Date’ for the purpose of ascertaining the eligibility of shareholders for payment of fourth Interim Dividend for the F.Y. 2024-25. It is to inform that 19.03.2025 (Wednesday) shall be reckoned as the ‘Record Date’ for the purpose of ascertaining the eligibility of shareholders for payment of fourth Interim Dividend for the F.Y. 2024-25. The date of payment / dispatch of the aforesaid interim dividend shall be on or before 11.04.2025,” said PFC in a stock exchange filing on Wednesday.
Change In Company’s Name
The Board is also “Considering the diversification of business activities by Power Finance Corporation Limited, expansion of its objects clause to include funding to sectors other than power and ‘PFC’ being a brand name, recognized by public at large in India and abroad, the Board approved the proposal to change the name of the company from “Power Finance Corporation Limited” to “PFC Limited” or such other name as may be approved by Registrar of Companies, NCT of Delhi and Haryana; and consequential amendment in Memorandum & Articles of Association of PFC, subject to requisite approvals of the shareholders, RBI, Stock Exchanges and such other approvals as may be required,” informed Power Finance Corporation in a stock exchange filing today.
Fundraising Proposal By PFC
PFC notified stock markets on March 12 that the company might borrow up to Rs 1,40,000 crore in FY 2025-2026, excluding funds obtained under Extra Budgetary Resources (EBR), subject to the borrowing ceiling as agreed by the shareholders.
PFC Share Price Target
Mandar Bhojane – Equity Research Analyst at Choice Broking said, “PFC is currently trading in the range of 393 – 397 and remains in a downtrend, as evident from the lower highs and lower lows over the past few months. A potential reversal attempt is underway, but the price is facing resistance near the 50-day EMA. Recent price action suggests a consolidation phase, with the possibility of forming a double bottom pattern if the stock sustains above its recent low. The stock has found significant support at its 20-day EMA level but is still trading below medium- and long-term moving averages. On the upside, resistance is observed in the 412 – 430 range. If the stock successfully breaks above this level, it could reach a short-term target of 440.”
“On the downside, immediate support is located at 385. The Relative Strength Index (RSI) is currently at 50.74 and trending upward, reflecting growing buying momentum. To manage risk effectively, a stop-loss at 375 is suggested to guard against any unexpected market reversals. In conclusion, based on the technical analysis and current market conditions, PFC presents a promising buying opportunity for those aiming for a 440 target, provided that appropriate risk management strategies are in place,” further recommended Mandar Bhojane.
Disclaimer
The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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