Home / Business and Economy / PFC Stock Poised for 11% Rally: Analyst Sees Breakout
PFC Stock Poised for 11% Rally: Analyst Sees Breakout
5 Jun
Summary
- PFC stock shows recent 5% rebound after a 16% correction.
- Brokerage firm Bajaj Broking recommends PFC as a positional pick.
- Analysts predict an 11% stock rally within the next month.
Power Finance Corporation (PFC) stock has recently demonstrated resilience, recovering 5% in three days after a 16% price correction from its March 2026 high of ₹468. The stock experienced a low of ₹408 earlier this week.
Bajaj Broking has issued a 'Positional Pick' recommendation for PFC, projecting a potential 11% increase in stock value over the next month. Analysts from the firm believe the stock is on the verge of a significant breakout above a two-month falling trendline, signaling a fresh entry opportunity.
The brokerage further notes that buying demand has emerged from the ₹405-₹415 support area, which aligns with the 200-Day Exponential Moving Average and previous trendline support. This suggests a potential reversal of polarity where previous resistance now acts as support.
Supporting this positive outlook, the daily stochastic momentum oscillator has generated a 'Buy' signal. Bajaj Broking advises purchasing PFC shares within the ₹418-₹428 range, with a stop loss at ₹398, targeting ₹469. This target represents an approximate 11% upside from the previous day's closing price and an 80% retracement of the recent decline.
