Buy This Maharatna Stock For Target Price Of Rs 124, Target Time 7 Days: ICICI Direct

ICICI Direct has given buy rating to the Maharatna stock Power Finance Corporation for a target price of Rs 124 and the stock will potentially reach its target price in a period of 7 days with a potential return of 10%.

Power Finance Corporation Ltd Stock Outlook

The current market price of the stock is Rs 113 apiece with an intraday decline of 4% on September 16, 2022. If you buy the stock at its current market price of Rs 113, it has a potential to surge to Rs 124 within a target period of 1 week and offer a potential return of 10%. 

Power Finance Corporation Ltd 52-Week High/Low

The 52-week high of the stock is Rs 153 apiece and 52-week low is Rs 97 apiece.

Power Finance Corporation Ltd Market Capitalization

The company has a market capitalization of Rs 30,044 crore.

Power Finance Corporation Ltd 5-Years Return

The stock has fallen 12% in the last 5 years, gained 3% in last 3 years, and fallen 16% in last 1 year.

Power Finance Corporation Ltd Strengths/Weakness

The company is effectively using its capital to generate profit - RoCE improving in last 2 years. It is effectively using shareholders fund with return on equity (ROE) improving since last 2 year. It is efficient in managing assets to generate profits - ROA improving since last 2 year. It has registered decline in quarterly net profit. MFs decreased their shareholding last quarter.

Power Finance Corporation Ltd Quarterly Results

For the quarter ending June 30, 2022, the company announced a consolidated total income of Rs 18,544.04 crore, down 1.75 % from last quarter total income of Rs 18,873.55 crore. It has reported net profit after tax of Rs 4,579.53 Crore in latest quarter.

Power Finance Corporation Ltd About

Incorporated on July 16th, 1986, Power Finance Corporation Ltd is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC's registered office is located at New Delhi and regional offices are located at Mumbai and Chennai, according to its website. PFC is under the administrative control of the Ministry of Power. PFC was conferred the title of a 'Maharatna CPSE' on October,2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010.

Disclaimer

The stock has been picked from the brokerage report of ICICI Direct. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.