Power Finance Corporation Ltd spurts 2.37%

Power Finance Corporation Ltd is up for a third straight session in a row. The stock is quoting at Rs 427.95, up 2.37% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.87% on the day, quoting at 23785.75. The Sensex is at 76784.54, up 0.94%. Power Finance Corporation Ltd has risen around 4.49% in last one month.

Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has risen around 8% in last one month and is currently quoting at 25724.65, up 0.39% on the day. The volume in the stock stood at 100.23 lakh shares today, compared to the daily average of 80 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 424.5, up 2.25% on the day. Power Finance Corporation Ltd is up 5.95% in last one year as compared to a 3.83% spurt in NIFTY and a 6.98% spurt in the Nifty Financial Services index.

The PE of the stock is 7.32 based on TTM earnings ending December 25.

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