Power Finance Corp. shares rise 1.29% as Sensex slides

Power Finance Corp. shares rise 1.29% as Sensex slides
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A total of 158,731 shares changed hands on the counter till 11:26AM (IST)

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
Shares of the Power Finance Corporation Ltd. traded at Rs 129.2 on BSE at 11:26AM (IST) on Monday, up 1.29 per cent from previous close.

The scrip quoted a 52-week low price of Rs 80.35 and a high of Rs 140.5.

Earlier, the stock saw a opening in the morning.

A total of 158,731 lakh shares changed hands on the counter till 11:26AM (IST).

The stock of Power Finance Corporation Ltd. commands a market value of Rs 34030.65 crore.

The stock traded at a price-to-earning (P/E) multiple of 2.9, while the price-to-book value ratio stood at 0.49. Return on equity (ROE) was at 19.33 per cent, according to exchange data.

In the BSE500 pack, 239 stocks traded in the green, while 261 stocks were in the red.

Promotor Holding
Promoters held 55.99 per cent in the Power Finance Corporation Ltd. as of 31-Mar-2021 while foreign portfolio investors and domestic institutional investors owned 17.32 per cent and 19.55 per cent, respectively.

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