Power Finance Corporation (PFC) is positioned for a technical breakout above key resistance levels, according to Bajaj Broking's latest analysis. The stock has recovered 5% in three days following a 16% correction from its March 2026 high of ₹468 to a low of ₹408 earlier this week. On Friday, PFC opened flat at ₹424.50 and jumped to an intraday high of ₹435.70, trading with a 1.9% gain at ₹432 by 9:20 AM with volumes of around 4 lakh shares on the NSE. As per The Times of India, PFC has been recommended as a top stock to buy today, June 5, 2026, with the stock at the cusp of generating a breakout above the falling trendline joining the last 2 months' highs.
According to Bajaj Broking's report dated June 4, the stock is at the cusp of generating a breakout above the falling trendline joining the last 2 months' highs, offering a fresh entry opportunity. The brokerage notes that buying demand has emerged from the key support area of ₹405-₹415, which represents the confluence of the 200-Day Exponential Moving Average (DEMA) and the trendline support joining previous highs. This signals a likely change of polarity as the previous resistance has reversed its role and now acts as support. The daily stochastic oscillator has generated a 'Buy' signal by moving above its three-period average, validating a positive bias on the stock. As per The Times of India, the daily stochastic has approached oversold territory after the recent corrective decline and is likely to witness a pullback in the coming sessions.
PFC has extended its rally for the third consecutive session, with the stock quoting at ₹433.8, up 2.2% as of 12:49 IST on Friday. The stock's trading volume stood at 55.93 lakh shares, compared to the daily average of 59.09 lakh shares in the last one month. The benchmark June futures contract for PFC is quoting at ₹436.9, up 2.23% on the day. Despite the recent gains, PFC has dropped around 6.49% in the last one month, underperforming the broader market. The stock's PE ratio stands at 6.99 based on TTM earnings ending March 26. Meanwhile, the Nifty Financial Services index, of which PFC is a constituent, has dropped around 4.8% in the last one month and is currently quoting at 25,031.25, up 0.38% on the day.
Bajaj Broking recommends buying PFC in the ₹418-₹428 range with a stop loss at ₹398 for a target of ₹469, implying an 11% upside from yesterday's closing price. The upside target represents the 80% retracement of the entire previous decline from ₹486 to ₹408 levels. The brokerage has recommended a holding period of up to 30 days for this trade, with the daily stochastic oscillator generating a 'Buy' signal above its three periods average, validating a positive bias on the stock. As per The Times of India, the stock is expected to head towards ₹469 levels in the coming month being the 80% retracement of the entire previous decline.
