Power Finance Corporation Ltd.

Power Finance Corporation is currently trading at Rs. 86.80, up by 0.60 points or 0.70% from its previous closing of Rs. 86.20 on the BSE.

The scrip opened at Rs. 86.10 and has touched a high and low of Rs. 87.00 and Rs. 85.25 respectively. So far 36719 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.30 on 20-Feb-2020 and a 52 week low of Rs. 74.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 88.70 and Rs. 83.55 respectively. The current market cap of the company is Rs. 22902.71 crore.

The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 38.57% and 5.43% respectively.

Power Finance Corporation (PFC) has introduced a facility for electricity distribution companies (discoms) to avail funds for paying their dues to power generation companies (gencos), a move that will help in avoiding late payment charges as well as earn rebates for timely payments. Mounting outstanding dues of discoms has been a perennial issue in the country.

PFC is central PSU under Ministry of Power and India's leading NBFC.