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    Power Finance Corp. share price up 0.46 per cent

    Synopsis

    A total of 251,690 shares changed hands on the counter till 11:38AM (IST).

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    India is hardly immune to the global trend of sliding fees and trading commissions.
    Shares of Power Finance Corporation Ltd. traded 0.46 per cent up at Rs 108.35 at around 11:38AM (IST) on Wednesday. The stock had closed at Rs 107.85 in the previous session. Equity benchmark Sensex traded 167.41 points higher at 48420.92 around the same time.


    The scrip has climbed 19.45 per cent in the last one year till date, while the 30-share index has gained 43.61 per cent during the same period.

    The stock's 52-week high price stood at Rs 140.5 and the 52-week low price at Rs 74.2.

    Trading volume on the counter stood at 251,690 shares, while it quoted a price-to-earnings ratio of 3.08, an EPS value of 35.21 and a price-to-book value of 0.49. In the Nifty50 pack, 33 stocks traded in the green, while 16 stocks were in the red.

    Promoter/FII Holding
    Promoters held 55.99 per cent stake in the company as of 31-Mar-2021, while overseas investor and mutual funds' ownership stood at 17.32 per cent and 13.36 per cent, respectively.

    Key Financials
    For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 18441.72 crore, up 1.49 per cent from the previous quarter's Rs 18171.41 crore and up 16.15 per cent from the year-ago quarter's Rs 15878.04 crore. The company reported net profit of Rs 2893.7 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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