Power Finance Corp Share Price Drops Amid Market Volatility
Power Finance Corp's share price has dropped today. The stock opened at ₹481.5 and closed at ₹481.9. The highest price for the day was ₹489.2, and the lowest was ₹472.55. The company's total market value (market capitalization) is ₹160,731.37 crore. Over the past year, the stock price ranged from a high of ₹559.5 to a low of ₹156.56.
Current Trading Status
Current Price: The share price is at ₹484.05, down -0.77% from yesterday's ₹487.8.
Key Levels: Important price levels to watch are ₹477.7 as support (a price level where the stock tends to stop falling) and ₹493.6 as resistance (a price level where the stock tends to stop rising).
Analyst Recommendations
Analysts rate Power Finance Corp as a "Strong Buy." The median target price is ₹554.5, which is 14.67% higher than the current market price. The lowest target price among analysts is ₹520.0, and the highest is ₹580.0.
Trading Volume Insight
Trading volume tells us how much of the stock is being bought and sold. Today, the trading volume by 1 PM is 17.41% lower compared to yesterday, which means fewer shares are being traded.
Technical Analysis Overview
Short-term Trend: Bearish (the stock price is expected to decline in the short term).
Long-term Trend: Bullish (the stock price is expected to rise in the long term).
Technical Analysis: This involves forecasting the future price movements of a stock based on its past performance. For example, if a stock repeatedly hits a low price but doesn’t go lower, this price level becomes a 'support level.'
Performance Compared to Peers
Power Finance Corp is showing a decline in its share price today, similar to its peer companies like Bajaj Finance, Cholamandalam Investment & Finance Company, Shriram Finance, and SBI Cards & Payment Services. The general market indexes, Nifty and Sensex, are also down by 0.25% and 0.28% respectively.
Future Outlook
An increase in futures price and open interest (the number of active contracts in the futures market) indicates potential positive movement for Power Finance Corp in the near future.
Recap: Why This Matters
- Current Price: ₹484.05 (down -0.77% from yesterday)
- Analyst Rating: Strong Buy with a target of ₹554.5
- Key Levels: Support at ₹477.7 and resistance at ₹493.6
- Market Trend: Short-term bearish, long-term bullish
Conclusion
Understanding stock performance can help make informed financial decisions. Whether you’re a seasoned investor or just trying to get a grasp of the market, keeping an eye on price movements, trading volumes, and analyst recommendations is crucial.
Example: If you notice a stock consistently bouncing back after hitting a low of ₹477.7, this could be considered a 'support level,' and understanding this can help in making buy or sell decisions.
Stay tuned for further updates on Power Finance Corp and other financial news!
Remember, always conduct your own research or consult with a financial advisor before making investment decisions.
