PFC Shares Rise Over 5% In Intraday To 52-Week High On Power Demand Outlook

Shares of Power Finance Corporation (PFC) rose more than 5% on Thursday on intraday to hit a fresh 52-week high of ₹467 apiece. The move comes as rising temperatures across the country raise expectations of higher electricity demand in the coming weeks.

At 2:32 pm, PFC shares were trading at ₹457.10 per share on the National Stock Exchange (NSE), up by 2.78%. The stock has gained sharply in recent weeks. It is up around 29% in April so far from its 30 March low of ₹363.15 per share.

Policy Moves And Merger Plans In Focus

PFC shares have also seen activity after recent policy announcements. Finance Minister Nirmala Sitharaman, in the Union Budget presented on 1 February, announced restructuring plans for PFC and REC Ltd.

The move aimed to improve scale and efficiency among public sector non-banking finance companies (NBFCs) in the power sector. The PFC board has approved a merger with REC as part of this plan.

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What Could Drive Growth?

Several factors, including heatwave warnings for several regions predicted by the India Meteorological Department (IMD), could push demand for power in the coming days. This, in turn, could result in an uptick in share prices of companies like PFC.

While extreme heat in the North Indian plains during April 2026 is not expected, despite rising temperatures, intense pre-monsoon heat is likely to begin from mid-May. Brokerages have flagged that El Niño years have historically seen strong growth in power demand. They expect 2026 to follow a similar trend.

Sources:

The Economic Times

CNBC TV 18