Finance corporation

Power Finance Corporation Ltd relaxes for the fifth consecutive session

Power Finance Corporation Ltd quotes at Rs 112, down 1.06% on the day at 13:19 IST on the NSE. The stock has jumped 0.99% over the past year, compared to a 10.4% rise in NIFTY and a 0.57% surge in the Nifty Financial Services Index.

Power Finance Corporation Ltd fell for a fifth straight session today. The stock is trading at Rs 112, down 1.06% on the day as of 1:19 p.m. IST on the NSE. The benchmark NIFTY is down about 1.9% on the day at 16365.25. The Sensex is at 54704.76, down 1.79%. Power Finance Corporation Ltd is down around 8.42% in the past month. Meanwhile, the Nifty Financial Services Index, of which Power Finance Corporation Ltd is a part, has fallen around 9.77% over the past month and is currently listed at 16261.55, down 2.47% on the day. The share volume stood at 22.44 lakh shares today, compared to a daily average of 41.27 lakh shares over the past month.

The benchmark May futures contract for the stock quotes at Rs 112.95, down 0.57% on the day. Power Finance Corporation Ltd jumped 0.99% over the past year, against a 10.4% rise in NIFTY and a 0.57% surge in the Nifty Financial Services Index.

The stock’s PE is 3.07 based on TTM earnings ending Dec. 21.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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