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PFC board approves REC merger proposal for President's approval

pre-market1 source ↓written by the desknot a recommendation

Power Finance Corporation's board has approved the proposal to merge REC Limited into PFC, pending the President's approval. The CMD is authorized to seek this approval, with the merger contingent on maintaining the entity's status as a Government Company. The share exchange ratio will be determined by appointed valuers.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 May 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PFC closed +0.4% on the day of the news, from ₹429.80 to ₹431.60; Nifty −0.1% over the same session; futures OI −0.3%.

Bulletin at 07:04 IST on 19 May 2026. Every change is measured from ₹429.80, the last close before it, on 18 May. Nifty 50 is measured over the same sessions.

  • PFC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PFC closes around the bulletin against the close before the news, with Nifty 50 rebased to it392.84429.80466.76axis spans 19%before the news · 18 May429.80Nifty 50PFCbulletinD0+1+3+512 May22 May3 JunFutures open interest, lotspeak 49,000Reference close ₹429.80. 16 sessions from 12 May to 3 Jun; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before18 May₹429.80basebase
On the day19 May₹431.60▲ +0.4%▼ −0.1%+0.6 pp difference
+1 session20 May₹429.35▼ −0.1%0.0%−0.1 pp difference
+3 sessions22 May₹430.55▲ +0.2%▲ +0.3%−0.1 pp difference
+5 sessions26 May₹433.70▲ +0.9%▲ +1.1%−0.2 pp difference
Gap at the open, % · ₹
0.0%−0.09 on 19 May
Day's range, % · ₹
1.9%≈ 8.3 high to low
Volume on the day
0.55×the 20-session average
Futures OI on the day
▼ −0.3%−140 lots · short covering · price +0.4%
Futures OI open, lots
45,00019 May · 26 May expiry
Futures premium, ₹
+0.50+0.1% to spot
Puts per call, by OI
0.54from 0.53 the session before
Max pain
450from 450 the session before

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