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    Share price of Power Finance Corp. jumps as Sensex gains 23.76 points

    Synopsis

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

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    The share price of Power Finance Corporation Ltd. gained 0.11 per cent to Rs 133.2 at 11:29AM (IST) in Wednesday's trade. The stock has hit a high of Rs 134.0 and low of Rs 131.7 so far during the session. The stock had closed at Rs 133.05 in the previous session.

    The counter has had a total traded volume of 133056 shares so far with a value of Rs 1.76 crore on the NSE. It traded at a price-to-earnings multiple of 2.69 and a price-to-book ratio of 0.49.

    A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 28.2 per cent during the past one year, while the 30-share index advanced 38.92 per cent during the same period.

    Power Finance Corporation Ltd. belongs to the Term Lending - Power industry.

    Promotor/FII Holding
    Promoters held 55.99 per cent stake in the company as of 30-Sep-2021, while foreign investors and domestic institutional investors ownership stood at 17.88 per cent and 13.17 per cent, respectively.

    Key Financials
    The firm reported consolidated net sales of Rs 19282.6 crore for the quarter ended 30-Sep-2021, up 1.63 per cent from the previous quarter's Rs 18973.93 crore and up 6.12 per cent from the year-ago quarter's Rs 18171.41 crore.

    Profit for the latest quarter stood at Rs 3748.22 crore, up 15.36 per cent from the same quarter a year ago.

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