Power Finance Corporation Ltd Drops Down to 2%

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Power Finance Corporation Ltd Drops Down to 2%

It has been an official report that the Power Finance Corporation Ltd is on the verge to sketch the quote at Rs. 11.05, down 2.09% that initiates on the day at 13.19 IST on the NSE. The stock has raised to 2.86% in the last one year in comparison to an 11.4% rally in NIFTY and a 0.32% spurt in the NIFTY Financial Services index.

However, Power Finance Corporation Ltd has dropped down five times straight in the current session. The standard benchmark NIFTY is floored over 0.72% on the day with a quote at 13661.25. The Sensex is at 46664.14, down 0.63%. Power Finance Corporation Ltd has got an add-on of over 10.57% in the previous month. Meanwhile, the NIFTY Financial Services index is a constituent and has raised over 4.53% in the previous month and is currently residing on the quote at 14879.15, down 1.23% on the day. The volume in the stock stood at 23.09 lakh shares today, as compared to the daily average of 83.7 lakh shares in the previous month.

In December, the contract for the stock has been quoted at Rs 115.05, down 2.46% on the day. Power Finance Corporation Ltd has witnessed a hike of around 2.86% in the previous year in comparison to an 11.4% rally in NIFTY and 0.32% spurt in the NIFTY Financial Services index.

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