Power Finance Corp. declines 0.37% as Sensex climbs

Power Finance Corp. declines 0.37% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of 2.72, while the price-to-book value ratio stood at 0.49.

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The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.
Shares of Power Finance Corporation Ltd. traded at Rs 121.05 on BSE at 12:24PM (IST) on Wednesday, down 0.37 per cent from previous close.

The scrip quoted a 52-week low price of Rs 78.9 and a high of Rs 140.5.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 148,698 lakh shares changed hands on the counter till 12:24PM (IST).

The stock of Power Finance Corporation Ltd. commanded a market value of Rs 31931.78 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 2.72, while the price-to-book value ratio stood at 0.49. Return on equity (ROE) was at 14.41 per cent, according to exchange data.

In the BSE500 pack, 289 stocks traded in the green, while 211 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.57.

Promotor/FII Holding
Promoters held 55.99 per cent in Power Finance Corporation Ltd. as of 31-Mar-2021 while overseas and domestic institutional investors owned 17.32 per cent and 13.36 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 112.81 on July 07, while the 50-DMA was at 119.83. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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