Share price of Power Finance Corp. falls as Nifty strengthens

Share price of Power Finance Corp. falls as Nifty strengthens
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Synopsis

A total of 221,636 shares changed hands on the counter till 01:31PM (IST).

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of Power Finance Corporation Ltd. slipped 0.83 per cent to Rs 125.4 in Wednesday's trade as of 01:31PM (IST).

The stock hit a high price of Rs 126.4 and low of Rs 124.45 during the session.

The return on equity (ROE) for the stock stood at 19.33 per cent. Traded volume on the counter stood at 01:31PM shares and turnover at Rs 2.78 crore around that time.

The stock of Power Finance Corporation Ltd. quoted a 52-week high and 52-week low prices of Rs 153.75 and Rs 103.6, respectively.

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

Promotor/FII Holding
Promoters held 55.99 per cent stake in the company as of 30-Sep-2021, while foreign investors held 17.88 per cent and domestic institutional investors had 13.67 per cent.

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.

Net profit after tax 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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