Shares of Rural Electrification Corp (REC) and Power Finance Corp (PFC) gained up to 4 percent on July 3 as Bernstein initiated coverage on both stocks with a 'buy' rating.The brokerage highlighted both power financiers as preferred plays in the power cycle, with investors potentially underestimating both the duration and intensity of the current cycle.Additionally, the perceived risk of non-perfo...

Shares of REC Ltd., Power Finance Corporation Ltd. (PFC), and IREDA plunged as much as 11 percent on May 6 to give up most of their previous week's gains. PFC, and REC stocks had hit record highs in the week gone by due to a stellar rally on the back of strong Q4 earnings.The sharp fall comes after the Reserve Bank of India's draft guidelines on project financing, which mentioned that 5 percent ge...

Shares of Power Finance Corporation (PFC) dipped more than a per cent to ?118.9 apiece on the BSE in Thursday's early deals as the stock started trading ex-dividend, ahead of the record date for its interim dividend for the FY2022-23. Last month, the company informed that “the board in its meeting held on August 12, 2022 approved an interim dividend of ?2.25 per equity share of face value of ?1...

Here is the list of the top 10 stocks that are likely to be in focus on Monday:Lupin: Drug firm Lupin on Friday said it has received approval from the US health regulator to market its anti-epilepsy drug Vigabatrin for Oral Solution in the American market.The company has received approval from the US Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA), Vigabatrin for...

NEW DELHI : Here are the top 10 stocks that are likely to be in focus today:Tata Steel: Tata Steel announced its September quarter results on 11 November. It reported a profit after tax (PAT) of Rs12,548 crore, a 7.5-fold jump from Rs1,665 crore in the corresponding quarter last year and by 28% from Rs9,768 crore in the previous quarter, helped by strong performance across geographies.Adani Group:...