Power Finance Corporation Ltd gains for third straight session

Power Finance Corporation Ltd gained for a third straight session today. The stock is quoting at Rs 344.9, up 1.95% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.05% on the day, quoting at 25308.35. The Sensex is at 82102.05, up 1.23%. Power Finance Corporation Ltd has gained around 2.07% in last one month.

Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has gained around 11.65% in last one month and is currently quoting at 27384.9, up 1.38% on the day. The volume in the stock stood at 66.11 lakh shares today, compared to the daily average of 84.3 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 342, up 2.24% on the day. Power Finance Corporation Ltd is down 8.1% in last one year as compared to a 2.19% slide in NIFTY and a 1.56% slide in the Nifty Financial Services index.

The PE of the stock is 5.37 based on TTM earnings ending September 26.

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