On January 14, 2025, shares of Power Finance Corporation (PFC) increased by 4% following a 'Buy' rating from ICICI Securities, which set a target price of ₹550. The brokerage emphasized a substantial ₹43 lakh crore pipeline for power generation and transmission projects as a primary growth driver.
PFC holds a 20% market share in India's power financing sector, positioning it well to benefit from rising energy demands and the shift to renewable energy sources. ICICI Securities also highlighted PFC's strong asset quality and government initiatives aimed at improving the financial health of distribution companies as additional growth catalysts.
During trading, PFC shares opened at ₹395.45, peaked at ₹406.65, and dipped to a low of ₹393.60. The stock is currently trading at ₹405.20, 4.08% higher, although it remains below its 52-week high of ₹580.00 and above its 52-week low of ₹351.70.