Power Finance Corporation Ltd. shares up 2.11% as Nifty drops
Shares of Power Finance Corporation NSE 1.61 % Ltd. gained 2.11 per cent to Rs 123.4 in Friday’s trade. It hit a high of Rs 123.4 and low of Rs 120.85 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 93.61, while the 50-DMA was at Rs 111.98. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
