Power Finance Corp Share Price: Power Finance Corp. stock price down 0.55 per cent as Sensex climbs

Shares of Power Finance Corporation Ltd. fell 0.55 per cent to Rs 136.6 at 12:25PM hours (IST) on Thursday. Earlier in the day, the stock saw a start to the session.

As per data available on BSE, total traded quantity on the counter stood at 145,102 shares with a turnover of Rs 1.99 crore till 12:25PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 2.88, 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 138.4 and a low of Rs 136.3 during the session and quoted a 52-week high price of Rs 140.75 and a 52-week low of Rs 82.15.

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 121.72 on September 16, while the 50-DMA was at Rs 128.46. 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 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 63.44. 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-Jun-2021, promoters held 55.99 per cent stake in the company, while foreign institutional investors held 17.35 per cent and domestic institutional investors had 19.38 per cent.

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