Power Finance Corp. shares gain 0.08% as Sensex rises

Power Finance Corp. shares gain 0.08% as Sensex rises
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Synopsis

A total of 74,842 shares changed hands on the counter till 11:37AM (IST)

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of Power Finance Corporation Ltd. traded 0.08 per cent up at Rs 128.85 at 11:37AM (IST) on Friday, even as BSE benchmark Sensex gained 13.47 points to 52850.68. The scrip had closed at Rs 128.75 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 140.5 and Rs 80.35, respectively.

As per BSE data, total traded volume on the counter till 11:37AM (IST) stood at 11:37AM shares with turnover at Rs 0.97 crore.

At the current price, shares of the company trades at 2.9 times its trailing 12-month EPS of Rs 44.5 per share and 0.49 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.57.

Shareholding Details
Promoters held 55.99 per cent stake in the company as of 30-Jun-2021, while FIIs owned 17.35 per cent and DIIs 19.38 per cent.

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