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Power Finance Corporation Ltd in demand

·1-min read

Power Finance Corporation Ltd gained for a third straight session today. The stock is quoting at Rs 115.8, up 1.27% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 14858.95. The Sensex is at 49182.68, down 0.65%. Power Finance Corporation Ltd has risen around 10.55% in last one month.

Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has risen around 6.96% in last one month and is currently quoting at 15904.75, down 1.07% on the day. The volume in the stock stood at 62 lakh shares today, compared to the daily average of 55.86 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 116.5, up 1.39% on the day. Power Finance Corporation Ltd is up 40.02% in last one year as compared to a 61.57% spurt in NIFTY and a 68% spurt in the Nifty Financial Services index.

The PE of the stock is 4 based on TTM earnings ending December 20.



Source: Capitalmarket.com