435% return in 2 years: This PSU stock can still see upside, Anil Singhvi gives target of Rs 460

Power Finance Corporation Share Price, Power Finance Corporation Dividend: Shares of state-owned Power Finance Corporation Ltd. (PFC) opened in green amid a rally in equity benchmark indices on Thursday, May 16. The counter opened at Rs 443.95, higher by Rs 7.4 or 1.6 per cent from the previous close of Rs 436.55 on the BSE. Its stock jumped 4.64 per cent to touch an intraday high of Rs 456.8. While the counter has been for the last three days, the fresh surge comes after the company reported strong Q4 results. Last seen, the counter was trading at Rs 452.20.

PFC Share Price Target By Anil Singhvi

According to Zee Business Managing Editor Anil Singhvi, the PSU has very attractive valuations and therefore the stock still has upside potential. Singhvi said that investors can buy the stock with a target of Rs 455-460.

STOCKS IN ACTION | ये PSU + Power शेयर होगा और मजबूत #stocktrading #StockFocus #Stock pic.twitter.com/vvWY8GbVgR

— CA Anil Singhvi Zee Business (@AnilSinghvi_) May 15, 2024

Power Finance Corporation Share Price History

The stock has made investors wealthier by around 435 per cent in two years and has given a positive return of around 238 per cent in one year. The share has surged over 14 years so far this year and 46 per cent in the last six months.

Power Finance Corporation Q4 Results

The PSU has posted over 23 per cent rise in consolidated net profit at Rs 7,556.43 crore in the fourth quarter of FY24 on account of growth in the loan portfolio. It had clocked Rs 6,128.63 crore profit from "continuing and discontinued operations" during the fourth quarter of last fiscal, the company said in an exchange filing.

Power Finance Corporation Dividend

Power Finance Corporation has announced a final dividend of Rs 2.5 per share with a face value of Rs 10 per equity share each for the FY 2023-24 subject to the approval of shareholders.

PFC dividend history 

Power Finance Corporation has declared 37 dividends since Sept. 7, 2007. In the past 12 months, Power Finance Corporation Ltd. has declared an equity dividend amounting to ₹15.50 per share.