REC, PFC set for their best week in at least eight months after three-day advance

Shares of state-run power financiers, REC Ltd., and Power Finance Corporation Ltd. (PFC), are trading with gains of close to 4% on Friday, January 2, marking their third straight day of gains.

With this move, shares of REC are up 7% for the week so far, which will be their best week since March 2025, during which the stock had gained 13%.

Shares of PFC are also trading with gains of over 6% for the week, which will be their best week since May 2025, during which the stock had gained over 8%.

This is also the second consecutive weekly advance for both REC and PFC.

REC shares were down close to 30% in 2025, which marked its worst annual drop since 2011. Even shares of PFC were down nearly 20% last year, marking their worst yearly drop since 2015.

Both of these stocks touched record high levels in July 2024. While REC shares more than halved from those levels of ₹654, shares of PFC also declined after making a top at levels of ₹580.

Despite the fall, both REC and PFC remain near-consensus buys for the analysts that cover the stocks.

Both the stocks are tracked by 13 analysts each, of which 12 have a "buy" recommendation on both with the other recommendation on both stocks being a "hold" rating.

Shares of REC are trading 3.6% higher at ₹381.05, while those of PFC are trading 3.7% higher at ₹376.6.