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Power Finance Corporation Ltd stays supported

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Capital Market

Power Finance Corporation Ltd is quoting at Rs 120.1, up 1.14% on the day as on 12:44 IST on the NSE. The stock is up 3.49% in last one year as compared to a 18.21% spurt in NIFTY and a 8.52% spurt in the Nifty Financial Services.

Power Finance Corporation Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 120.1, up 1.14% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 14215.3. The Sensex is at 48359.31, up 0.38%. Power Finance Corporation Ltd has added around 3.58% in last one month.

 

Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has added around 7.93% in last one month and is currently quoting at 15393.95, up 0.85% on the day. The volume in the stock stood at 27.91 lakh shares today, compared to the daily average of 72.43 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 120.65, up 1.05% on the day. Power Finance Corporation Ltd is up 3.49% in last one year as compared to a 18.21% spurt in NIFTY and a 8.52% spurt in the Nifty Financial Services index.

The PE of the stock is 4.54 based on TTM earnings ending September 20.

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First Published: Jan 07 2021 | 1:00 PM IST

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