PFC surges after its arm incorporates wholly owned subsidiary
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Power Finance Corporation is currently trading at Rs. 466.70, up by 2.05 points or 0.44% from its previous closing of Rs. 464.65 on the BSE.
The scrip opened at Rs. 464.45 and has touched a high and low of Rs. 475.00 and Rs. 461.45 respectively. So far 605410 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 485.30 on 03-May-2024 and a 52 week low of Rs. 131.88 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 475.00 and Rs. 454.20 respectively. The current market cap of the company is Rs. 154444.76 crore.
The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 35.41% and 8.59% respectively.
Power Finance Corporation’s (PFC) wholly owned subsidiary -- PFC Consulting has incorporated a wholly owned Subsidiary (WOS) by name South Olpad Transmission. The company has been incorporated for Transmission System for Evacuation of Power from Potential Renewable Energy Zone in Khavda Area of Gujarat under Phase-IV (7GW): Part B.
Power Finance Corporation is central PSU under Ministry of Power and India's leading NBFC.
