Power Finance Corporation Share is going to give big money in call side, bullish till 577
Power Finance Corporation Share is bullish till 577
Power Finance Corporation (PFC) share price has shown notable fluctuations in the stock market. Currently, the stock is trading at approximately ₹482.95, reflecting a decrease of about 0.64% from its previous close of ₹558.85. This update provides a comprehensive overview of PFC’s recent performance, technical analysis, and important support and resistance levels for investors.
Main Points
- 1 Current Power Finance Corporation Share Price Performance
- 2 Key Financial Metrics
- 3 Power Finance Corporation Share Price Technical Analysis
- 4 Power Finance Corporation Share Price Support and Resistance Levels
- 5 Recent Developments
- 6 Power Finance Corporation Share Price Market Sentiment and Future Outlook
- 7 Analyst Recommendations of Power Finance Corporation Share
The PFC share price has seen a day range between ₹477 and ₹490. The stock opened at ₹482.45 and has experienced significant trading volume, with approximately 8,554,799 shares exchanged today. Over the past year, PFC’s share price has reached a high of ₹580 and a low of ₹204, indicating substantial volatility and growth potential in the long term.
Key Financial Metrics
- Market Capitalization: Approximately ₹184,476 crore
- Earnings Per Share (EPS): ₹62.81
- Price-to-Earnings (P/E) Ratio: 8.90
- Dividend Yield: 2.42%
- Book Value per Share: ₹306.50
These metrics suggest that PFC is currently trading at a relatively low valuation compared to its earnings, which may attract value investors looking for growth opportunities.
From a technical perspective, PFC’s stock is currently positioned above its key moving averages, suggesting a bullish trend. The following levels are critical for traders:
- First Resistance Level: ₹559.13
- Second Resistance Level: ₹562.97
- Third Resistance Level: ₹569.53
- First Support Level: ₹477
- Second Support Level: ₹470
- Third Support Level: ₹460
The Relative Strength Index (RSI) is currently at 62.34, indicating that the stock is nearing overbought territory but still has room for upward movement.
Recent Developments
PFC has recently reported strong financial results, with a net profit increase of over 20% year-on-year to ₹7,182 crore for the quarter ending June 2024. This growth can be attributed to an annual revenue increase of approximately 17%, showcasing the company’s robust operational performance.
Additionally, PFC has been actively involved in financing renewable energy projects, which aligns with India’s push towards sustainable energy solutions. The company secured a loan of JPY 25.5 billion from JBIC to fund wind energy initiatives, further solidifying its position in the green finance sector.
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Investor sentiment around PFC remains cautiously optimistic due to its strong fundamentals and strategic initiatives in renewable energy financing. Institutional holdings have increased in recent quarters, indicating confidence from large investors in PFC’s future growth trajectory.
Analysts suggest that while PFC’s current price presents an attractive entry point for long-term investors, traders should watch for potential volatility given the stock’s recent performance trends and broader market conditions.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
