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PFC and REC merger impacts trading outlook

PFC shares have risen 17% in 2026, while REC shares declined 9% amid merger talks. The Cabinet approved PFC's acquisition of a majority stake in REC, aiming to consolidate operations into a single entity, pending regulatory approvals.

pre-market1 source ↓written by the desknot a recommendation

in 2026
17%
shares have fallen
9%

The proposed merger between Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) is gaining traction, with PFC shares rising 17% in 2026 while REC shares have fallen 9%. Analysts are assessing the implications for investors as the merger aims to consolidate operations under a single balance sheet.

The merger, cleared by the Cabinet Committee on Economic Affairs, will streamline operations and is subject to statutory approvals. This development may influence trading sentiment in the PSU non-banking financial sector.

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 22 May 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PFC closed −0.1% on the day of the news, from ₹431.00 to ₹430.55; Nifty +0.3% over the same session; futures OI +1.5%.

Bulletin at 07:03 IST on 22 May 2026. Every change is measured from ₹431.00, the last close before it, on 21 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 it393.93431.00468.07axis spans 19%before the news · 21 May431.00Nifty 50PFCbulletinD0+1+3+515 May27 May8 JunFutures open interest, lotspeak 49,000Reference close ₹431.00. 16 sessions from 15 May to 8 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 %
Before21 May₹431.00basebase
On the day22 May₹430.55▼ −0.1%▲ +0.3%−0.4 pp difference
+1 session25 May₹438.90▲ +1.8%▲ +1.6%+0.2 pp difference
+3 sessions27 May₹433.50▲ +0.6%▲ +1.1%−0.5 pp difference
+5 sessions1 Jun₹421.10▼ −2.3%▼ −1.1%−1.1 pp difference
Gap at the open, % · ₹
▲ +0.2%+0.99 on 22 May
Day's range, % · ₹
1.3%≈ 5.5 high to low
Volume on the day
0.52×the 20-session average
Futures OI on the day
▲ +1.5%+710 lots · short build-up · price −0.1%
Futures OI open, lots
47,00022 May · 26 May expiry
Futures premium, ₹
+1.85+0.4% to spot
Puts per call, by OI
0.55from 0.51 the session before
Max pain
450from 450 the session before

Source NSE UDiFF bhavcopy · PFC on the desk →

Thread · PFCAll PFC bulletins →

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