Power Finance Corporation's Stock Reaches All-Time High, Rated as 'Buy' by MarketsMOJO

May 03 2024 09:35 AM IST
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Power Finance Corporation (PFC) has reached an all-time high in its stock price, making it a promising investment option for investors. Rated as a 'Buy' by MarketsMojo, PFC's stock has been on a consecutive gain for the last 4 days and is trading higher than its moving averages. With a high dividend yield and outperforming the Sensex, PFC is a top choice for investors in the finance/NBFC industry.

Power Finance Corporation (PFC), a leading finance and non-banking financial company (NBFC) in the Indian market, has recently reached an all-time high in its stock price. On May 3rd, 2024, the company's stock price touched a record high, making it a promising investment option for investors.

According to MarketsMOJO, a leading stock market analysis platform, PFC's stock is currently rated as a 'Buy'. This is a positive sign for investors looking to add this stock to their portfolio.

The company's stock price is currently 1.18% away from its 52-week high of Rs 477.8. Despite underperforming the sector by -0.79% today, PFC has been on a consecutive gain for the last 4 days and has seen a 16.25% increase in returns during this period. This shows a strong upward trend in the company's stock price.

PFC's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive sentiment in the market towards the company.

In addition, PFC offers a high dividend yield of 3.12% at its current price, making it an attractive option for investors looking for stable returns.

When compared to the performance of the Sensex, PFC has outperformed significantly with a 1-year return of 251.01%, while the Sensex has only seen a 22.65% increase during the same period. This further highlights the strong performance of PFC in the market.

With its strong financials and positive market sentiment, Power Finance Corporation is a top choice for investors looking to invest in the finance/NBFC industry. Its consistent growth and high dividend yield make it a reliable and profitable investment option for the long term.
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