POWER FINANCE CORPORATION Share Price: Sell Power Finance Corporation, Target Price Rs 101: ICICI Direct
Power Finance Corporation Ltd., incorporated in 1986, is a large capitalization company (having a market capitalization of Rs 27984.86 Crore) operating in the term lending institution sector.
The main products/revenue segments of Power Finance Corporation Ltd. include interest, dividend, fee and commission income for the year ending March 31, 2021.
For the quarter ended 31-12-2021, the company reported Consolidated Total Revenue of Rs 19,215.00 Crore, down -0.35% from last quarter Total Revenue of Rs 19,282.60 Crore and up by 4.19% compared to the same quarter last year Total revenue of Rs 18441.72 Crore. The company reported a net profit after tax of Rs 4893.91 Crore last quarter.
The breakdown below the bear flag looks like a formation, as the price faces resistance at the 50-day EMA.
The promoters held 55.99% of the company’s capital as of December 31, 2021, while the FIIs held 16.71% and the DIIs 13.56%.
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