Share price of Power Finance Corporation NSE 4.38 % Ltd. gained 0.32 per cent to Rs 109.15 at 12:16PM (IST) in Wednesday’s trade. The scrip hit a high of Rs 110.0 and low of Rs 108.4 so far during the session. The stock had closed at Rs 108.8 in the previous session.
The counter had a total traded volume of 12:16PM shares so far with a turnover of Rs 0.65 crore on BSE. The stock traded at a price-to-earnings multiple of 3.21 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.
