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PFC jumps after strong Q3 outcome

Capital Market / 10:00 , Feb 06, 2012

Power Finance Corporation rose 3.24% at Rs 192.75 at 9:58 IST on BSE after net profit rose 68.16% to Rs 1107.91 crore on 27.2% increase in total income to Rs 3283.64 crore in Q3 December 2011 over Q3 December 2010.

The result was announced after market hours on Friday, 3 February 2012.

Meanwhile, the BSE Sensex was up 136.03 points, or 0.77%, to 17,740.99.

On BSE, 3.78 lakh shares were traded in the counter as against an average daily volume of 4.67 lakh shares in the past one quarter.

The stock hit a high of Rs 218.80 and a low of Rs 189.35 so far during the day. The stock had hit a 52-week high of Rs 281 on 4 March 2011 and a 52-week low of Rs 130.20 on 26 August 2011.

The stock had outperformed the market over the past one month until 3 February 2012, gaining 30.56% compared with the Sensex's 10.45% rise. The scrip had also outperformed the market in past one quarter, rising 13.15% as against 0.70% rise in the Sensex.

The large-cap power projects financier has an equity capital of Rs 1319.93 crore. Face value per share is Rs 10.

The board of Power Finance Corporation (PFC) approved an interim dividend of Rs 5 per share for the financial year ending March 2012. The dividend will be paid to shareholders on 17 February 2012.

PFC is a financial institution dedicated to power sector financing and committed to the integrated development of the power and associated sectors.

 



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