Power Finance Corp Share Price: Power Finance Corp. rises 2.62% as Sensex climbs

Shares of Power Finance Corporation Ltd. traded at Rs 153.0 on BSE at 11:22AM (IST) on Monday, up 2.62 per cent from previous close.

The scrip quoted a 52-week low price of Rs 83.55 and a high of Rs 153.75.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 606,170 lakh shares changed hands on the counter till 11:22AM (IST).

The stock of Power Finance Corporation Ltd. commanded a market value of Rs 40366.84 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 3.22, while the price-to-book value ratio stood at 0.49. Return on equity (ROE) was at 19.33 per cent, according to exchange data.

In the BSE500 pack, 368 stocks traded in the green, while 132 stocks were in the red.

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

Promotor/FII Holding

Promoters held 55.99 per cent in Power Finance Corporation Ltd. as of 30-Jun-2021 while foreign and domestic institutional investors owned 17.35 per cent and 13.19 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 124.46 on October 18, while the 50-DMA was at 134.42. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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