PFC's Stock Declines - Underperforming Sector and Market, High Dividend Yield Remains

Power Finance Corporation (PFC) is a largecap finance company in the non-banking financial sector. On November 21, 2024, PFC's stock saw a decline of -4.34%, closing at Rs 447.85. This performance was deemed as underperforming the sector by -4.96%. The stock had also fallen after two consecutive days of gains, indicating a possible trend reversal.

PFC's stock touched an intraday low of Rs 446.5, a decrease of -5.1%. The company's stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This could be a cause for concern for investors.

Despite the decline in stock price, PFC offers a high dividend yield of 3.55% at the current price. However, it is important to note that past performance does not guarantee future results.

In comparison to the overall market performance, PFC's stock has underperformed. On the same day, the Sensex saw a decline of -0.75%, while PFC's stock saw a decline of -5.41%. In the past month, PFC's stock has also underperformed the Sensex, with a decline of -3.88% compared to the Sensex's decline of -5.12%.

Investors should carefully consider all factors before making any investment decisions. It is important to conduct thorough research and consult with a financial advisor before investing in any company.