Power Finance Corporation Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

Power Finance Corporation Ltd is up for a third straight session in a row. The stock is quoting at Rs 406.1, up 1.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 22422.6. The Sensex is at 73834.89, down 0.24%. Power Finance Corporation Ltd has dropped around 3.67% in last one month.

Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has dropped around 1.2% in last one month and is currently quoting at 21198.4, down 0.1% on the day. The volume in the stock stood at 42.89 lakh shares today, compared to the daily average of 158.61 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 408.7, up 1.24% on the day. Power Finance Corporation Ltd is up 227.39% in last one year as compared to a 28.88% spurt in NIFTY and a 16.58% spurt in the Nifty Financial Services index.

The PE of the stock is 9.38 based on TTM earnings ending December 23.

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Solapur Transmission is a wholly owned subsidiary of PFC Consulting, it was established for the development of transmission system for evacuation of power from RE projects in Solapur (1,500 MW) SEZ in Maharashtra.

The power finance company concluded the sale of the special purpose vehicle (SPV) on Wednesday, 20 March 2024.

Power Finance Corporation (PFC) is a leading power sector public financial institution and a non-banking financial company providing fund and non-fund-based support for the development of the Indian power sector.

The company’s consolidated net profit jumped 22.5% to Rs 4,727.40 crore in Q3 FY24 as compared with Rs 3860.25 crore in Q3 FY23. Total income increased 20% YoY to Rs 23,593.40 crore in Q3 FY24.

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Power Finance Corporation announced that the Board of Directors of the Company at its meeting held on 11 March 2024, has recommended a Third Interim dividend of Rs.3 per share (i.e.30%), subject to the approval of the shareholders.

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Power Finance Corporation will hold a meeting of the Board of Directors of the Company on 11 March 2024.

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