Power Finance Corp. shares up 0.95% as Nifty drops

NEW DELHI: Shares of Power Finance Corporation Ltd. traded 0.95 per cent up in Tuesday's trade at 11:27AM (IST). Around 140,900 shares changed hands on the counter.

The scrip opened at Rs 125.0 and touched an intraday high and low of Rs 127.85 and Rs 125.0, respectively, in the session so far. The stock of Power Finance Corporation Ltd. quoted a 52-week high of Rs 153.75 and a 52-week low of Rs 103.6.

Total market cap of the Power Finance Corporation Ltd. stood at Rs 33674.24 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 3748.22 crore, up 15.36 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, DIIs held 13.17 per cent stake in the firm, while foreign institutional investors held 17.88 per cent and the promoters 55.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 2.58 and a price-to-book ratio of 0.49. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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