PFC's Stock Sees Decline Below Sector Average, Experts Suggest Caution for Investors

Power Finance Corporation (PFC) is a largecap finance company in the non-banking financial sector. On October 22, 2024, PFC's stock saw a decline of -3.06%, closing at Rs 451.85. This performance was below the sector average by -0.95%. The stock has been on a downward trend for the past two days, with a fall of -4.69% during this period. PFC's stock also touched an intraday low of Rs 449.6, showing a decline of -2.89%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. At the current price, PFC offers a high dividend yield of 3.61%. However, experts at MarketsMOJO have given a 'Hold' call for the stock, suggesting caution for investors. In comparison to the overall market performance, PFC's stock has underperformed. On the same day, the Sensex saw a decline of -0.61%, while PFC's stock saw a decline of -2.87%. In the past month, PFC's stock has seen a decline of -6.65%, while the Sensex has seen a decline of -4.60%. Overall, PFC's stock has been on a downward trend and experts recommend caution for investors. With a high dividend yield and a largecap status, PFC remains a strong player in the finance sector. However, investors should keep a close eye on the company's performance and market trends before making any investment decisions.