The return on equity (ROE) for the stock stood at 14.41 per cent. Traded volume on the counter stood at 01:58PM shares and turnover at Rs 5.03 crore around that time. The stock of Power Finance Corporation Ltd. quoted a 52-week high price of Rs 140.5 and 52-week low prices of Rs 78.9, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.57.
Promotor/FII Holding
Promoters held 55.99 per cent stake in the company as of 31-Mar-2021, while FIIs held 17.32 per cent and domestic institutional investors had 13.36 per cent.
Key Financials
The company reported consolidated sales of Rs 18155.14 crore for the quarter ended 31-Mar-2021, down 1.55 per cent from previous quarter’s Rs 18441.72 crore and down 11.69 per cent from the year-ago quarter’s Rs 16254.65 crore. Net profit after tax for the latest quarter stood at Rs 2921.87 crore, up 522.73 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish 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 topof 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.
