PFC Share Price touch a new high after Rs 580 or will it reverse, know whether big investors chose call or put?
As the financial markets eagerly await the September 2024 performance of Power Finance Corporation (PFC), analysts are bullish on the company’s prospects. PFC, a leading non-banking financial company (NBFC) in India, has consistently delivered strong financial results, and its share price is expected to continue its upward trajectory in the coming months.
Main Points
- 1 Live Today, Next Day price forecast, market performance, technical analysis, fundamental analysis
- 2 Monthly target Prediction, intraday trading Levels, quarterly results analysis, market outlook
- 3 Tomorrow How to Perform Expected, Compare peer stocks
- 4 Keys Factors, bearish and bullish Trends Find out, Today Update news
- 5 Today Update news, Important Levels, movement causes and 52 weeks high low
Live Today, Next Day price forecast, market performance, technical analysis, fundamental analysis
According to the latest market analysis, PFC’s share price closed at ₹547.15 on September 2, 2024. The stock has been trading in a range of ₹536.65 to ₹554.10 intraday, with a projected target of ₹561 in the short term. Analysts believe that PFC’s strong fundamentals and positive market sentiment will drive the stock’s performance in the coming days.
Monthly target Prediction, intraday trading Levels, quarterly results analysis, market outlook
In the long term, PFC’s share price is expected to reach a target of ₹1,343.67 by 2030. The company’s quarterly results have consistently shown strong growth, with a 25% increase in consolidated profit after tax (PAT) in FY 2024. PFC’s loan asset book grew by 16% during the same period, indicating a healthy expansion in its lending portfolio.
Tomorrow How to Perform Expected, Compare peer stocks
Investors are advised to closely monitor PFC’s share price movements and consider investing in the stock for long-term gains. Compared to its peers, PFC has outperformed the market, with a return on equity (ROE) of 19.53% and a return on assets (ROA) of 1.90% in FY 2024.
Keys Factors, bearish and bullish Trends Find out, Today Update news
Key factors driving PFC’s growth include its strong market position as the largest NBFC group in India, with a balance sheet size exceeding ₹10 lakh crore. The company’s focus on renewable energy loans, which grew by 25% year-on-year to over ₹60,000 crores, has also contributed to its success.
Despite the positive outlook, investors should be aware of potential risks, such as rising interest rates and regulatory changes. However, analysts believe that PFC’s robust risk management practices and efficient credit quality, with net non-performing assets (NPAs) reaching a six-year low of 0.85%, will help the company navigate these challenges.
Today Update news, Important Levels, movement causes and 52 weeks high low
As of September 2, 2024, PFC’s share price has reached an important level of ₹547.15. The stock has been trading in a range of ₹381 to ₹1,343.67 over the past 52 weeks. The recent surge in PFC’s share price can be attributed to its strong financial performance, increased focus on renewable energy loans, and positive market sentiment.
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