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    Buy Power Finance Corporation, target price Rs 124: ICICI Direct

    Synopsis

    Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 30624.94 Crore) operating in Term Lending Institutions sector.

    buy sellAgencies
    Promoters held 55.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.21 per cent, DIIs 12.74 per cent.
    ICICI Direct has buy call on Power Finance Corporation with a target price of Rs 124. The current market price of Power Finance Corporation is Rs 115.65. Time period given by analyst is 7 days when Power Finance Corporation Ltd. price can reach defined target.

    Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 30624.94 Crore) operating in Term Lending Institutions sector.

    Power Finance Corporation Ltd. key Products/Revenue Segments include Interest, Dividend and Fees & Commission Income for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 18544.04 Crore, down -1.75 % from last quarter Total Income of Rs 18873.55 Crore and down -2.27 % from last year same quarter Total Income of Rs 18973.93 Crore. Company reported net profit after tax of Rs 4579.53 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 55.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 16.21 per cent, DIIs 12.74 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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