POWER FINANCE CORPORATION Share Price: Sell Power Finance Corporation, Target Price Rs 101: ICICI Direct

ICICI Direct has sold Power Finance Corporation with a target price of Rs 101. The current market price of Power Finance Corporation is Rs 107.25. The time period given by the analyst is Intra Day when the price of Power Finance Corporation Ltd. can achieve the set goal.

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.

Investment rationale
The breakdown below the bear flag looks like a formation, as the price faces resistance at the 50-day EMA.

Promoter/Fii Holdings
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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