POWER FIN CORP Plunges by 5%; BSE 500 Index Up 0.3%
November 28, 2018 11:05 AM

POWER FIN CORP share price has plunged 5% and is presently trading at Rs 103.

Meanwhile, the BSE 500 Index is at 14,307 (up 0.3%).

Among the top losers in the BSE 500 Index today are POWER FIN CORP (down 5.5%) and SHANKARA BUILDING PRODUCTS LTD (down 7.7%).

FIRSTSOURCE SOL. (up 7.2%) and JET AIRWAYS (up 7.2%) are among the top gainers today.

Over the last one year, POWER FIN CORP has moved down from Rs 127 to Rs 103, registering a loss of Rs 25 (down 19.4%)..

The BSE 500 has moved down from 14,663 to 14,307, loss of 356 points (down 2.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 163.1%), V-MART RETAIL (up 105.6%) and NIIT TECHNOLOGIES (up 73.9%).

What About the Benchmark Indices?

The BSE Sensex is at 35,759 (up 0.5%). The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 2.8%). The most traded stocks in the BSE Sensex are RELIANCE IND. and TATA STEEL.

In the meantime, NSE Nifty is at 10,742 (up 0.5%). ZEE ENTERTAINMENT (up 3.0%) and INFOSYS LTD (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,724 to 35,759, registering a gain of 2,035 points (up 5.8%).

POWER FIN CORP Financial Update...

POWER FIN CORP net profit down at Rs 14 billion for the quarter ended September 2018, compared to a loss of Rs 16 billion a year ago. Net Sales rose 19.6% to Rs 74.1 billion during the period as against Rs 61.9 billion in July-September 2017.

For the year ended March 2018, POWER FIN CORP reported 161.4% increase in net profit to Rs 58.4 billion compared to net profit of Rs 22.4 billion during FY17.

Revenue of the company grew 1.8% to Rs 270 billion during FY18.

The current Price to earnings ratio of POWER FIN CORP, based on rolling 12 month earnings, stands at 4.8x.