Finance corporation

Power Finance Corporation Share Price: Buy Power Finance Corporation, Target Price Rs 120: Religare Broking

The brokerage has a call to buy with a target price of Rs 120. The current market price of Power Finance Corporation is Rs 113.15. The time period given by the analyst is Intra Day when the price of Power Finance Corporation Ltd. can achieve the set goal. ., incorporated in 1986, is a large capitalization company (having a market capitalization of Rs 29872.52 Crore) operating in the term lending institution sector.

The main products/revenue segments of Power Finance Corporation Ltd. include interest, dividend, fee and commission income for the year ending March 31, 2021.


For the quarter ended 31-03-2022, the company reported a consolidated total revenue of Rs 18,873.55 Crore, down -1.78% from last quarter. Total revenue of Rs 19,215.00 Crore and up by 3.96% from the same quarter last year. Total income of Rs 18155.14 Crore. . The company reported a net profit after tax of Rs 4295.90 Crore in the last quarter.

Investment rationale
Another breakout of the declining channel and breaking through the moving average hurdle on the daily chart.

Promoter/Fii Holdings
The promoters held 55.99% of the company’s capital as of June 30, 2022, while the FIIs held 16.21% and the DIIs 12.74%.

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