POWER FINANCE CORPORATION Plunges by 7%; BSE 500 Index Down 6.4%
March 19, 2020 09:41 AM

POWER FINANCE CORPORATION share price has plunged 7% and is presently trading at Rs 90.

Meanwhile, the BSE 500 Index is at 10,739 (down 6.4%).

Among the top losers in the BSE 500 Index today are POWER FINANCE CORPORATION (down 7.2%) and SHREE CEMENT (down 8.0%).

THOMAS COOK INDIA (up 3.9%) and VODAFONE IDEA (up 3.5%) are among the top gainers today.

Over the last one year, POWER FINANCE CORPORATION has moved down from Rs 115 to Rs 90, registering a loss of Rs 25 (down 21.5%)..

The BSE 500 has moved down from 15,069 to 10,739, loss of 4,330 points (down 28.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 229.5%), ABBOTT INDIA (up 79.1%) and GUJARAT GAS (up 50.8%).

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.3%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 2.2%) and NTPC (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and POWER GRID.

In the meantime, NSE Nifty is at 8,099 (down 6.0%). NTPC (up 4.1%) and POWER GRID (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 28.98%).

POWER FINANCE CORPORATION Financial Update...

POWER FINANCE CORPORATION net profit down at Rs 14 billion for the quarter ended June 2019, compared to a loss of Rs 21 billion a year ago. Net Sales rose 3.0% to Rs 75.8 billion during the period as against Rs 73.6 billion in April-June 2018.

For the year ended March 2018, POWER FINANCE CORPORATION 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 FINANCE CORPORATION, based on rolling 12 month earnings, stands at 3.3x.