Share price of Power Finance Corp. falls as Sensex gains 148.74 points
Share price of Power Finance Corporation Ltd. dropped 1.23 per cent to Rs 120.85 at 01:36PM (IST) in Thursday’s trade. The scrip hit a high of Rs 123.85 and low of Rs 119.9 so far during the session. The stock had closed at Rs 122.35 in the previous session.
The counter had a total traded volume of 01:36PM shares so far with a turnover of Rs 1.91 crore on BSE. The stock traded at a price-to-earnings multiple of 2.44 and a price-to-book ratio of 0.49.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
