Share price of Power Finance Corp. jumps as Sensex gains 306.82 points

By Indiatimes3 days ago

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Share price of Power Finance Corporation Ltd. gained 0.39 per cent to Rs 117.0 at 12:35PM (IST) in Thursday's trade. The counter hit a high of Rs 118.95 and low of Rs 116.4 so far during the session. The stock had closed at Rs 116.55 in the previous session.

The counter had a total traded volume of 12:35PM shares so far with a turnover of Rs 3.23 crore on BSE. The stock traded at a price-to-earnings multiple of 3.33 and a price-to-book ratio of 0.49.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Power Finance Corporation Ltd. belongs to the Term Lending - Power industry.

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