Share price of Power Finance Corporation Ltd. jumps as Sensex gains 425.48 points
The share price of Power Finance Corporation NSE 0.53 % Ltd. gained 1.16 per cent to Rs 135.25 at 11:35AM (IST) in Tuesday’s trade. The stock has hit a high of Rs 135.9 and low of Rs 133.6 so far during the session. The stock had closed at Rs 133.7 in the previous session.
The counter has had a total traded volume of 143637 shares so far with a value of Rs 1.93 crore on the NSE. It traded at a price-to-earnings multiple of 3.83 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.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
