Power Finance Corporation rose 4.31% at Rs 193.40 at 9:43 IST on BSE after net profit rose 41.63% to Rs 971.88 crore on 34.9% growth in total income to Rs 3944.86 crore in Q1 June 2012 over Q1 June 2011.
The result was announced after trading hours on Wednesday, 8 August 2012.
Meanwhile, the BSE Sensex was up 78.25 points, or 0.44%, to 17,678.81.
On BSE, 1.84 lakh shares were traded in the counter as against an average daily volume of 2.98 lakh shares in the past one quarter.
The stock hit a high of Rs 194.20 and a low of Rs 187.50 so far during the day. The stock had hit a 52-week high of Rs 223.80 on 17 February 2012. The stock had hit a 52-week low of Rs 130.20 on 26 August 2011.
The stock had underperformed the market over the past one month until 8 August 2012, falling 0.91% compared with the Sensex's 0.45% rise. The scrip had, however, outperformed the market in past one quarter, rising 24.76% as against 6.37% rise in the Sensex.
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The large-cap company has an equity capital of Rs 1319.93 crore. Face value per share is Rs 10.
Power Finance Corporation (PFC) was incorporated with an objective to provide financial resources and encourage flow of investments to the power and associated sectors.
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