Power Finance Corp. shares down 1.72% as Nifty gains

Power Finance Corp. shares down 1.72% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 153.75 and low of Rs 98.1.

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Shares of Power Finance Corporation Ltd. rose 1.72 per cent to Rs 136.95 in Friday's trade. It hit an intraday high of Rs 142.1 and low of Rs 136.65, respectively, during the day.

The stock quoted a 52-week high price of Rs 153.75 and low of Rs 98.1.

As of 12:29PM (IST), the counter saw total traded volume of 134,346 shares with a traded value of Rs 1.86 crore, according to NSE.

The stock had closed at Rs 139.35 in the previous session.

The scrip has declined -3.56 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.28 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 2.88 while price-to-book ratio stood at 0.49. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Term Lending - Power industry.

Promoter/FII Holding
Promoters held 55.99 per cent stake in the company as of 30-Sep-2021, while FII and MF ownership in the firm stood at 17.88 per cent and 13.17 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 18973.93 crore for the quarter ended 30-Jun-2021, up 4.51 per cent from the previous quarter's Rs 18155.14 crore and up 12.06 per cent from the year-ago quarter's Rs 16932.24 crore. Its net profit for the latest quarter stood at Rs 3480.43 crore, up 29.71 per cent from the same quarter a year ago.

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