PFC turns volatile after muted Q3 numbers

Power Finance Corporation fell 1.27% to Rs 280.95 at 15:10 IST on BSE after net profit rose 0.48% to Rs 1541.73 crore on 16.06% increase in total income to Rs 6438.35 crore in Q3 December 2014 over Q3 December 2013.

The result was announced during trading hours today, 11 February 2015.

Meanwhile, the BSE Sensex was up 136.28 points, or 0.48%, to 28,491.90.

On BSE, so far 3.40 lakh shares were traded in the counter, compared with an average volume of 2.97 lakh shares in the past one quarter.

The stock rose 0.98% at the day's high of Rs 287.35 so far during the day. The stock fell 2.21% at the day's low of Rs 278.25 so far during the day.

The stock hit a 52-week high of Rs 344.20 on 10 June 2014. The stock hit a 52-week low of Rs 143.60 on 14 February 2014.

The stock had underperformed the market over the past one month till 10 February 2015, rising 1.68% compared with 3.27% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 3.42% as against Sensex's 1.73% rise.

The large-cap company has an equity capital of Rs 1320.04 crore. Face value per share is Rs 10.

Power Finance Corporation's main business is to provide finance to power sector.

Government of India (GoI) held 72.8% stake in Power Finance Corporation (as per the shareholding pattern as on 31 December 2014).

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