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Electrifying Q1 figures charge up PFC

Monday, July 16, 2007

The scrip had touched a high of Rs 199.90, a record high, and a low of Rs 177 during the day. The stock had hit a 52-week low of Rs 101 on 3 April 2007.

The stock had an average daily volume of 13.15 lakh shares on BSE in the past one quarter.

The company’s equity capital is Rs 1,147.77 crore, with 114.77-crore outstanding shares of a face value of Rs 10 each.

At the current price of Rs 195.8, the scrip trades at a PE multiple of 22.85, based on year ended March 2007 EPS of Rs 8.57.

The Power Finance Corporation (PFC) stock had gained 18.18% in one month to 13 July 2007 versus the Sensex's 7.53% rise. It added 62.30% in the past three months against the Sensex's 14.11% return.

PFC’s net profit soared 103.18% to Rs 308.64 crore in Q1 June 2007 as against Rs 151.90 crore in Q1 June 2006. Total income flared up 35.57% to Rs 1,145.80 crore in Q1 June 2007 (Rs 845.13 crore).

PFC is a leading power sector public financial institution and a non-banking financial company, providing fund and non-fund-based support for the Indian power sector.

Posted by FR at 6:19 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.