Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is currently trading at Rs. 91.35, up by 5.20 points or 6.04% from its previous closing of Rs. 86.15 on the BSE.

The scrip opened at Rs. 86.20 and has touched a high and low of Rs. 92.90 and Rs. 85.35 respectively. So far 1465869 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.45 on 12-Jan-2018 and a 52 week low of Rs. 67.60 on 17-Jul-2018.

Last one week high and low of the scrip stood at Rs. 92.00 and Rs. 83.35 respectively. The current market cap of the company is Rs. 24315.15 crore.

The promoters holding in the company stood at 65.64%, while Institutions and Non-Institutions held 26.93% and 7.43% respectively.

Power Finance Corporation (PFC) is reportedly planning to borrow Rs 7,000 crore from local banks, to fund the acquisition of REC worth Rs 14,000 crore. The company also planning to moderate its dividend pay-out and disbursements to loan accounts in FY19.

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.