Power Finance Corporation jumped 9.66% to Rs 181 at 13:58 IST on BSE on reports the company may be allowed to access up to $5 billion foreign exchange reserves through India Infrastructure Finance Company to fund power projects.
The stock hit a high of Rs 183.40 and a low of Rs 166 so far during the day. The stock had a 52-week high of Rs 297.40 on
The company’s current equity is Rs 1147.77 crore. Face value per share is Rs 10. Government of
The current price of Rs 181 discounts its Q4 March 2008 annulaised EPS of Rs 10.36, by a PE multiple of 17.74.
Power Finance Corporation posted 19.90% fall in net profit to Rs 297.32 crore on 10% rise in total income to Rs 1,366.73 crore in Q4 March 2008 over Q4 March 2007.
The company provides funds based services like term loans, equipment leasing, bill discounting, buyer’s line of credit. It also provides non-funds based services like guarantee services, consultancy services, to the power sector.
No comments:
Post a Comment