Share price of Power Finance Corp. falls as Sensex drops 32.16 points

The share price of Power Finance Corporation Ltd. dropped 1.52 per cent to Rs 136.2 at 01:42PM (IST) in Monday’s trade. The scrip has hit a high of Rs 137.7 and low of Rs 135.6 so far during the session. The stock had closed at Rs 138.3 in the previous session.

The counter has had a total traded volume of 79482 shares so far with a value of Rs 1.08 crore on the NSE. It traded at a price-to-earnings multiple of 2.87 and a price-to-book ratio of 0.49.

A higher P/E 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 45.9 per cent during the past one year, while the 30-share index advanced 51.81 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-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 17.35 per cent and 13.19 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 18973.93 crore for the quarter ended 30-Jun-2021, up 4.51 per cent from the previous quarter’s Rs 18155.14 crore and up 12.06 per cent from the year-ago quarter’s Rs 16932.24 crore.

Profit for the latest quarter stood at Rs 3480.43 crore, up 29.71 per cent from the same quarter a year ago.

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