Share price of Power Finance Corporation Ltd. falls as Sensex gains 338.09 points
The share price of Power Finance Corporation NSE 1.59 % Ltd. dropped 1.45 per cent to Rs 119.2 at 12:52PM (IST) in Monday’s trade. The counter has hit a high of Rs 121.8 and low of Rs 118.45 so far during the session. The stock had closed at Rs 120.95 in the previous session.
The counter has had a total traded volume of 214472 shares so far with a value of Rs 2.57 crore on the NSE. It traded at a price-to-earnings multiple of 3.5 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.
