Power Finance Corp Share Price: Power Finance Corp. stock price down 3.5 per cent as Sensex slides

Shares of Power Finance Corporation Ltd. fell 3.5 per cent to Rs 135.0 at 01:58PM hours (IST) on Thursday. 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 314,936 shares with a turnover of Rs 4.29 crore till 01:58PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 2.85, 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. The stock hit an intraday high of Rs 140.3 and a low of Rs 134.7 during the session and quoted a 52-week high price of Rs 153.75 and a 52-week low of Rs 84.4.

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 125.35 on October 28, while the 50-DMA was at Rs 135.74. 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 43.53. 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 30-Sep-2021, promoters held 55.99 per cent stake in the company, while FIIs held 17.88 per cent and domestic institutional investors had 13.67 per cent.

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