Power Finance Corp trades in green on the BSE

23 Apr 2012 Evaluate

Power Finance Corporation is currently trading at Rs. 186.55, up by 0.55 points or 0.30% from its previous closing of Rs. 186.00 on the BSE.

The scrip opened at Rs. 186.00 and has touched a high and low of Rs. 190.45 and Rs. 185.00 respectively. So far 90155 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.45 on 02-May-2011 and a 52 week low of Rs. 130.20 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 197.50 and Rs. 181.60 respectively. The current market cap of the company is Rs. 24451.73 crore.

The promoters holding in the company stood at 73.72% while Institutions and Non-Institutions held 17.03% and 9.25% respectively.

CRISIL has assigned its ‘AAA/Stable’ rating to Power Finance Corporation’s (PFC’s) long-term borrowing programme, and has reaffirmed its ratings on the company’s other debt programmes and bank facilities, at ‘AAA/ Stable/CRISIL A1+’.  The ratings continue to reflect the company’s strategic importance to the Government of India (GoI) because of the key role that the company plays in financing the Indian power sector, and its majority ownership by GoI.

CRISIL has also factored in PFC’s comfortable capitalisation, strong market position, and adequate resource profile. These rating strengths are partially offset by the inherent vulnerability in PFC’s asset quality because of the weak financial profiles of the company’s primary borrowers (state power utilities [SPUs]), and sectoral and key account concentration.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.

Power Finance Corp Share Price

452.00 -11.05 (-2.39%)
27-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 452.00
REC 507.60
Indian Railway Finance 146.20
Satin Creditcare 147.25
MAS Financial Serv 270.55
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.