Budget 2026: PFC, REC shares surge after restructuring proposal by FM Sitharaman
Published on 01/02/2026 11:36 AM
Budget 2026: PFC, REC shares surge after restructuring proposal by FM SitharamanShares of PFC and REC gained up to 5% on Sunday after the announcements made by Finance Minister Nirmala Sitharaman. Both these stocks were underperformers in 2025, having declined up to 30% each.By Hormaz Fatakia February 1, 2026, 11:36:28 AM IST (Published)1 Min ReadShares of Power Finance Corporation Ltd. (PFC) and REC Ltd. gained up to 4% on Sunday, February 1, after Finance Minister Nirmala Sitharaman announced a structuring of both companies.
The Finance Minister made this announcement on the floor of the Lok Sabha during her Budget 2026 speech, her ninth consecutive Budget.
Details of the proposed restructuring are awaited.
Currently, Power Finance Corporation acts as the promoter of REC Ltd. with a 52.63% stake. Both these stocks were underperformers in 2025, declining between 20% to 30%, having more than tripled in value back in 2023.
Shares of PFC are trading 3.7% higher at ₹395.7, while those of REC are trading 3% higher at ₹375.
To be updated with more.Continue ReadingTagsBudgetFinance Minister FM Nirmala SitharamanPFC share pricePFC sharesREC Ltdshare market today