POWER FINANCE CORPORATION Plunges by 7%; BSE 500 Index Down 6.4%

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POWER FINANCE CORPORATION Plunges by 7%; BSE 500 Index Down 6.4%
Thu, 19 Mar 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%).

Revealed: 3 Stocks for Potentially Massive Gains

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 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.

What else is happening in the markets today? Dig in...

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