Power Finance Corporation Ltd. stock price up 1.93 per cent as Sensex climbs

Shares of Ltd. rose 1.93 per cent to Rs 113.6 at 10:10AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 74,726 shares with a turnover of Rs 0.84 crore till 10:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 3.22, while the price-to-book value ratio stood at 0.49.

Return on equity (ROE) was at 14.41 per cent, according to exchange data. The stock hit an intraday high of Rs 113.8 and a low of Rs 111.0 during the session and quoted a 52-week high price of Rs 140.5 and a 52-week low of Rs 74.2.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.57.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 103.75 on April 06, while the 50-DMA was at Rs 124.21. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 38.45. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2020, promoters held 55.99 per cent stake in the company, while foreign institutional investors held 17.37 per cent and domestic institutional investors had 20.18 per cent.

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