Comments
Power Finance Corporation (PFC) shares fell by over three per cent in the morning trade on the BSE today after the company’s muted performance during the fourth quarter ended March 31, 2011.
After making a weak opening, the scrip declined by 3.12 per cent to Rs 239 a piece on the Bombay Stock Exchange. On the National Stock Exchange, the stock declined by 2.7 per cent to Rs 239.
During the noon session, the scrip was trading down by 3.22 per cent at Rs 238.75 on the BSE and down by 2.81 per cent at Rs 238.75 on the NSE.
The company’s net profit grew marginally to Rs 606.74 crore during the fourth quarter ended March 31, 2011 from Rs 600.77 crore in the corresponding period a year ago.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.