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Power Finance Corporation Ltd drops for fifth straight session

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Capital Market
Last Updated : Mar 12 2020 | 1:50 PM IST

Power Finance Corporation Ltd is quoting at Rs 90, down 12.45% on the day as on 13:24 IST on the NSE. The stock tumbled 19.1% in last one year as compared to a 13.97% slide in NIFTY and a 3.07% fall in the Nifty Financial Services index.

Power Finance Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 90, down 12.45% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 6.7% on the day, quoting at 9757.8. The Sensex is at 33357.1, down 6.56%.Power Finance Corporation Ltd has eased around 28.6% in last one month.Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has eased around 19.99% in last one month and is currently quoting at 12560.45, down 7.14% on the day. The volume in the stock stood at 39.74 lakh shares today, compared to the daily average of 94.23 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 90.5, down 12.14% on the day. Power Finance Corporation Ltd tumbled 19.1% in last one year as compared to a 13.97% slide in NIFTY and a 3.07% fall in the Nifty Financial Services index.

The PE of the stock is 4.28 based on TTM earnings ending December 19.

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First Published: Mar 12 2020 | 1:35 PM IST

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