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Power Finance Corporation Ltd drops for fifth straight session

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Capital Market
Last Updated : Mar 23 2021 | 1:50 PM IST

Power Finance Corporation Ltd is quoting at Rs 118.3, down 2.59% on the day as on 13:19 IST on the NSE. The stock jumped 48.81% in last one year as compared to a 89.42% rally in NIFTY and a 87.9% spurt in the Nifty Financial Services index.

Power Finance Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 118.3, down 2.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.27% on the day, quoting at 14776.65. The Sensex is at 49940.38, up 0.34%.Power Finance Corporation Ltd has eased around 4.9% in last one month.Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has eased around 6.68% in last one month and is currently quoting at 15802.25, up 0.1% on the day. The volume in the stock stood at 81.4 lakh shares today, compared to the daily average of 110 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 118.85, down 2.5% on the day. Power Finance Corporation Ltd jumped 48.81% in last one year as compared to a 89.42% rally in NIFTY and a 87.9% spurt in the Nifty Financial Services index.

The PE of the stock is 4.25 based on TTM earnings ending December 20.

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First Published: Mar 23 2021 | 1:35 PM IST

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