PFC, REC Shares Surge 4% After FM Sitharaman's Restructuring Proposal in Budget 2026

• Shares of Power Finance Corporation Ltd. (PFC) and REC Ltd. surged up to 4% on Sunday, February 1.
• The surge followed Finance Minister Nirmala Sitharaman's announcement of a restructuring proposal for both companies during her Budget 2026 speech.
• Sitharaman made the announcement in the Lok Sabha, delivering her ninth consecutive Budget.
• PFC currently holds a 52.63% stake as the promoter of REC Ltd.
• Both stocks had underperformed in 2025, declining 20-30%, after tripling in value in 2023.

Why It Matters: PFC and REC shares jumped after FM Sitharaman proposed restructuring them in Budget 2026.