Power Finance Corp Share Price: Shares of Power Finance Corp. fall as Nifty gains

Shares of Power Finance Corporation Ltd. slipped 0.4 per cent to Rs 137.6 in Friday’s trade as of 11:44AM (IST). It hit a high of Rs 139.65 and low of Rs 137.2 during the session.

The stock quoted a 52-week high price of Rs 140.75 and a low of Rs 82.15. The return on equity for the stock stood at 19.33 per cent. About 99,846 shares have changed hands on the counter so far.

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

The scrip has been an outperformer, up 66.69 per cent in the past one year in comparison with a 54.91 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 82.15 on September 24, while the 50-DMA was at Rs 130.09. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 55.99 per cent stake in Power Finance Corporation Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 13.19 per cent and 17.35 per cent stake.

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