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Author: Don Obrien

Power Finance Corp Share Price: Share price of Power Finance Corp. falls as Nifty weakens


Shares of Power Finance Corporation Ltd. slipped 0.3 per cent to Rs 133.9 in Friday’s trade as of 01:49PM (IST). The stock hit a high price of Rs 135.9 and low of Rs 131.05 during the session.

The return on equity (ROE) for the stock stood at 19.33 per cent. Traded volume on the counter stood at 01:49PM shares and turnover at Rs 3.45 crore around that time. The stock of Power Finance Corporation Ltd. quoted a 52-week high price of Rs 153.75 and 52-week low prices of Rs 84.4, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.57.

Promotor/FII Holding

Promoters held 55.99 per cent stake in the company as of 30-Sep-2021, while overseas investors held 17.88 per cent and domestic institutional investors had 13.17 per cent.

Key Financials

The company reported consolidated sales of Rs 18973.93 crore for the quarter ended 30-Jun-2021, up 4.51 per cent from previous quarter’s Rs 18155.14 crore and up 12.06 per cent from the year-ago quarter’s Rs 16932.24 crore. Net profit after tax for the latest quarter stood at Rs 3480.43 crore, up 29.71 per cent from the same quarter a year ago.


Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.



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