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Power Finance Corporation Ltd rises for third straight session

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Capital Market

Power Finance Corporation Ltd is quoting at Rs 105, up 3.45% on the day as on 12:49 IST on the NSE. The stock is up 26.13% in last one year as compared to a 13.61% jump in NIFTY and a 28.28% jump in the Nifty Financial Services index.

Power Finance Corporation Ltd is up for a third straight session today. The stock is quoting at Rs 105, up 3.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 11616.3. The Sensex is at 39098.15, up 0.34%. Power Finance Corporation Ltd has gained around 0.86% in last one month.

 

Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has gained around 0.19% in last one month and is currently quoting at 13344.45, up 0.6% on the day. The volume in the stock stood at 62.92 lakh shares today, compared to the daily average of 87.42 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 104.85, up 3.15% on the day. Power Finance Corporation Ltd is up 26.13% in last one year as compared to a 13.61% jump in NIFTY and a 28.28% jump in the Nifty Financial Services index.

The PE of the stock is 3.86 based on TTM earnings ending June 19.

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First Published: Oct 23 2019 | 1:05 PM IST

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