Share price of Power Finance Corporation Ltd. jumps as Sensex gains 562.8 points
The share price of Power Finance Corporation NSE 0.84 % Ltd. gained 1.67 per cent to Rs 115.5 at 12:27PM (IST) in Friday’s trade. The scrip has hit a high of Rs 116.6 and low of Rs 113.85 so far during the session. The stock had closed at Rs 113.6 in the previous session.
The counter has had a total traded volume of 1899270 shares so far with a value of Rs 21.83 crore on the NSE. It traded at a price-to-earnings multiple of 3.29 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.
