Power Finance Corporation Ltd sees good buying

Power Finance Corporation Ltd is quoting at Rs 132.4, up 2.16% on the day as on 12:54 IST on the NSE. The stock is up 19.87% in last one year as compared to a 12.48% spurt in NIFTY and a 27.86% spurt in the Nifty Financial Services index.

Feb 20, 2020 07:02 IST capital market

Power Finance Corporation Ltd is up for a third straight session in a row. The stock is quoting at Rs 132.4, up 2.16% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 12136.8. The Sensex is at 41354.46, up 0.08%. Power Finance Corporation Ltd has risen around 24.14% in last one month.

Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has risen around 1.77% in last one month and is currently quoting at 14520.25, up 0.27% on the day. The volume in the stock stood at 53.31 lakh shares today, compared to the daily average of 145.56 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 132.75, up 2.19% on the day. Power Finance Corporation Ltd is up 19.87% in last one year as compared to a 12.48% spurt in NIFTY and a 27.86% spurt in the Nifty Financial Services index.

The PE of the stock is 5.4 based on TTM earnings ending December 19.

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