PFC's Stock Surges to New High, Outperforms Sector and Sensex

Jul 10 2024 12:05 PM IST
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PFC's stock has been on a winning streak, gaining 17.7% in the past 9 days and closing at a new 52-week and all-time high of Rs. 565.8 on July 10, 2024. The company's strong financial standing and growth potential have caught the attention of investors and analysts, making it a top choice in the finance sector.

Power Finance Corporation (PFC) has been making headlines in the finance industry with its recent surge in stock prices. On July 10, 2024, the company's stock gained 3.0%, closing at a new 52-week and all-time high of Rs. 565.8. This positive performance has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

PFC's stock has been on a winning streak for the past 9 days, with a consecutive gain of 17.7% during this period. This has outperformed the sector by 3.12%, showcasing the company's strong financial standing and growth potential. The stock also saw a high of Rs. 565.8 and a low of Rs. 534.75 during the day, indicating a strong trading activity.

In addition, PFC's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its positive performance. The company's stock has also outperformed the Sensex by 2.82% in the past day and 16.56% in the past month, while the Sensex has only seen a 0.71% and 4.30% increase, respectively.

PFC, a largecap company in the finance/NBFC industry, has been consistently delivering strong financial results and has shown resilience in the face of market volatility. With its recent surge in stock prices, PFC continues to be a top choice for investors looking for stable and profitable investments in the finance sector.
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