Power Finance Corp Share Price: Power Finance Corp. share price up 0.77 per cent

Shares of Power Finance Corporation Ltd. traded 0.77 per cent up at Rs 118.1 at around 11:43AM (IST) on Friday. The stock had closed at Rs 117.2 in the previous session. Equity benchmark Sensex traded 249.74 points higher at 51364.96 around the same time.

The scrip has climbed 52.98 per cent in the last one year till date, while the 30-share index has gained 60.45 per cent during the same period.

The stock’s 52-week high price stood at Rs 140.5 and the 52-week low price at Rs 74.35.

Trading volume on the counter stood at 279,121 shares, while it quoted a price-to-earnings ratio of 3.36, an EPS value of 35.21 and a price-to-book value of 0.49. In the Nifty50 pack, 26 stocks traded in the green, while 24 stocks were in the red.

Promoter/FII Holding
Promoters held 55.99 per cent stake in the company as of 31-Mar-2021, while foreign institutional investors and MF ownership stood at 17.32 per cent and 13.36 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 18441.72 crore, up 1.49 per cent from the previous quarter’s Rs 18171.41 crore and up 16.15 per cent from the year-ago quarter’s Rs 15878.04 crore. The company reported net profit of Rs 2893.7 crore for the latest quarter.

Technical Indicators

The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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