Shares of Power Finance Corporation spurted ~4% amid reports that the government is considering extending loans from these firms to state power distribution companies for clearing their dues to power generation plants.
Shares of Rural Electrification Corporation also rose 3% on the BSE.
Power Finance Corporation Ltd is currently trading at Rs115.25 up by Rs4.1 or 3.69% from its previous closing of Rs111.15 on the BSE.
The scrip opened at Rs111.85 and has touched a high and low of Rs116 and Rs111.80 respectively. So far 36,03,449 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs 29,344.50 cr.
