Power Finance Corp. shares rise 0.74% as Nifty drops
Shares of Power Finance Corporation Ltd. traded 0.74 per cent up at Rs 122.15 on Monday at around 10:56AM (IST), while the benchmark BSE Sensex declined 241.93 points to 57454.53.
As many as 88,690 shares changed hands on the counter with a total value of Rs 1.07 crore.
The stock quoted a 52-week high price of Rs 153.75 and a 52-week low of Rs 104.1.
On the technical charts, the 200-DMA of the stock stood at Rs 126.5, while 50-DMA was at Rs 135.21. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
