Key Events This Week
19 Jan: Stock opens at Rs.371.65 amid market weakness
20 Jan: Intraday low hit at Rs.360.25 amid price pressure
22 Jan: Technical indicators signal bearish momentum
23 Jan: Mild recovery with mixed technical signals; closes at Rs.365.00
19 January 2026: Week Opens Amid Market Weakness
Power Finance Corporation Ltd commenced the week at Rs.371.65, down 1.01% from the previous Friday’s close of Rs.375.45. The broader market was also under pressure, with the Sensex declining 0.49% to 36,650.97. The stock’s opening reflected early caution among investors, influenced by a negative market environment and sectoral concerns. Trading volume was robust at 252,251 shares, indicating active participation despite the decline.
20 January 2026: Intraday Low Amid Price Pressure
The stock faced intensified selling pressure on 20 January, hitting an intraday low of Rs.360.25, a 3.07% drop from the previous close. It closed at Rs.360.45, down 3.01% for the day, underperforming the Sensex’s 1.82% decline to 35,984.65. This sharper fall highlighted stock-specific weakness beyond the general market downturn. The volume dipped to 200,813 shares, reflecting cautious trading. Technical analysis showed the stock trading below all key moving averages, signalling a bearish short-term outlook.
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21 January 2026: Continued Downtrend Amid Market Pressure
On 21 January, PFC’s share price further declined by 0.86% to close at Rs.357.35, with intraday volatility ranging between Rs.362.05 and Rs.351.55. The Sensex also fell by 0.47% to 35,815.26, indicating a broadly negative market mood. The stock remained below its 52-week high of Rs.443.95 and above its 52-week low of Rs.330.05, suggesting a consolidation phase. Technical momentum deteriorated, with multiple indicators signalling increased downside risk. Trading volume decreased to 171,042 shares, reflecting subdued investor interest amid the bearish trend.
22 January 2026: Bearish Momentum Intensifies
Despite a modest recovery attempt, the stock closed at Rs.365.00 on 22 January, up 2.14% from the previous day’s close. However, technical indicators painted a bearish picture, with the overall trend shifting from mildly bearish to outright bearish. The Moving Average Convergence Divergence (MACD) showed a weekly mild bullishness but a monthly mild bearishness, indicating conflicting momentum signals. The Relative Strength Index (RSI) remained neutral, while Bollinger Bands suggested continued selling pressure. The stock traded below key moving averages, reinforcing the cautious outlook. Volume was 152,621 shares, the lowest of the week, signalling limited conviction in the recovery.
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23 January 2026: Mixed Technical Signals Amid Mild Bearish Momentum
The week concluded with PFC closing at Rs.358.65, down 1.74% from the previous day’s close of Rs.365.00. The Sensex also declined 1.33% to 35,609.90. Technical momentum showed signs of mild easing in bearishness, with the overall trend shifting from bearish to mildly bearish. The weekly MACD remained mildly bullish, while the monthly MACD stayed mildly bearish, reflecting a transitional phase. RSI readings were neutral, and Bollinger Bands continued to indicate downside risk. On-Balance Volume (OBV) suggested a slight increase in buying interest weekly, but monthly volume trends remained weak. The stock’s Market Cap Grade stayed low at 1, and the Mojo Score declined to 41.0, resulting in a downgrade to a Sell rating as of 21 January 2026.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.371.65 | -1.01% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.360.45 | -3.01% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.357.35 | -0.86% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.365.00 | +2.14% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.358.65 | -1.74% | 35,609.90 | -1.33% |
Key Takeaways
Price Performance: PFC’s 4.47% weekly decline outpaced the Sensex’s 3.31% fall, indicating relative weakness amid a broadly negative market environment.
Technical Indicators: The stock’s position below all major moving averages and bearish signals from Bollinger Bands and momentum indicators suggest elevated downside risk. Mixed MACD readings and neutral RSI imply a transitional phase without clear directional conviction.
Volume Trends: Trading volumes fluctuated, with a notable dip on 22 January, reflecting investor caution. On-Balance Volume showed mild buying interest weekly but remained weak monthly.
Analyst Sentiment: The downgrade to a Sell rating and a Mojo Score of 41.0 reflect deteriorating fundamentals and technical outlook, signalling caution for investors.
Long-Term Context: Despite recent weakness, PFC’s long-term returns remain robust, with three- and ten-year gains far exceeding the Sensex, underscoring the company’s historical resilience.
Conclusion
Power Finance Corporation Ltd faced a challenging week marked by significant price declines and deteriorating technical momentum. While the stock showed brief recovery attempts, bearish signals dominated, culminating in a downgrade to a Sell rating. The stock’s underperformance relative to the Sensex and its position below key moving averages highlight near-term risks. However, the company’s strong long-term track record offers some reassurance for patient investors. Market participants should monitor technical developments closely and consider broader sectoral and macroeconomic factors before making investment decisions.
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