( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 20th April 2009
Power Finance Corpation Ltd ( PFC ): Rs 154.60Notables :
- Power Finance Corporation (PFC) Limited, a Government of India Enterprise was set up in July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors.
- PFC is providing large range of Financial Products and Services like Project Term Loan, Lease Financing, Direct Discounting of Bills, Short Term Loan, Consultancy Services etc for various Power projects in Generation, Transmission, Distribution sector as well as for Renovation & Modernisation of existing power projects.
- Also Ministry of Power, Central Electricity Authority and PFC are working together to facilitate development of nine Ultra Mega Power Projects with the capacity of about 4000 MW each under Tariff based competitive bidding route.
Share Holding Pattern :
- Central/ State Govt : 89.78 %
- Public : 10.22 %
Financial Highlights:
- Net profit of Rs 1355.1.8 Crore for the year ended March 31, 2009 as compared to Rs 1206.75 Crore for the year ended March 31, 2008.
- Total Income has increased from Rs 5040.03 Crore for the year ended March 31, 2008 to Rs 6583.02 Crore for the year ended March 31, 2009.
Technical Overview :
- The stock On Weekly Chart has given "Consolidation Breakout" with huge volumes,indicating the stock to move up.The stock is recommended to buy Cmp Rs 154.60
Support Levels :
- Support 1 : 143
- Support 2 : 136
Stop Loss : 123 on closing basis.
Targets :
- Target 1 : 168
- Target 2 : 192
- Target 3 : 217
Period : 5 to 6 months.