PFC's Stock Shows Potential for Growth Despite Recent Decline, Rated 'Buy' by MarketsMOJO

Power Finance Corporation (PFC) is a leading finance company in the non-banking financial sector with a large market capitalization. On May 7th, 2024, PFC's stock experienced a decline of -3.06%, underperforming the sector by -2.26%. However, this should not be a cause for concern as the company has been performing well in the long run.

According to MarketsMOJO, a leading stock analysis platform, PFC's stock has been given a 'Buy' call. This is a positive sign for investors, indicating that the stock has potential for growth. PFC's stock has also been consistently losing for the past two days, with a decline of -11.74% in this period. However, it is important to note that the stock's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the long run.

PFC's stock touched an intraday low of Rs 423.55 (-3.2%) on May 7th, but this should not be a cause for concern as the stock has been performing well in the past month. In fact, PFC's stock has outperformed the Sensex by 1.62% in the past month, while the Sensex has seen a decline of -1.10%. This shows that PFC's stock has been a better investment option compared to the overall market.

Investors should also take note of PFC's high dividend yield of 3.34% at the current price. This is a good sign for investors looking for stable returns on their investment. Overall, PFC's stock has been performing well and has shown potential for growth in the long run. With a strong presence in the finance industry and a large market capitalization, PFC is a reliable and promising investment option for investors.