Power Finance Corp Share Price: Power Finance Corp. shares gain 1.36% as Sensex falls

Shares of Power Finance Corporation Ltd. traded 1.36 per cent higher in Friday’s session at 10:36AM (IST). The stock opened at Rs 106.3 and has touched an intraday high and low of Rs 107.95 and Rs 105.7, respectively, during the session so far.

The stock quoted a 52-week high of Rs 140.5 and a 52-week low of 74.2. About 39,287 shares changed hands on the counter so far.

Benchmark Nifty50 was down 10.6 points at 14395.55, while the BSE Sensex traded 60.67 points lower at 48020.0 at the time of writing of this report.

In the Nifty pack, 30 stocks traded the day in the green, while 20 were in the red.

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. The company reported net profit of Rs 2893.7 crore for the latest quarter.


Promoter Holdings

Promoters held 55.99 per cent stake in the company as of 31-Mar-2021, while FIIs held 17.32 per cent and MFs 13.36 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 104.97 on April 23, while the 50-DMA was at Rs 122.46. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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