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

By Indiatimes3 days ago


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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