Shares of the PSU company jumped 15.47% in seven trading sessions from its previous closing low of Rs 146.70 on 28 March 2023.

On the BSE, 6.12 lakh shares were traded in the counter so far compared with average daily volumes of 4.24 lakh shares in the past two weeks. The stock hit a high of Rs 169.45 and a low of Rs 165.45 so far during the day.

The stock hit a 52-week high of Rs 170.55 on 9 March 2023. The stock hit a 52-week low of Rs 97.15 on 20 June 2022.

The stock had underperformed the market over the past one month, rising 1.41% compared with 1.75% increase in the Sensex.

The scrip outperformed the market in past one quarter, advancing 11.63%as against Sensex's 0.11% rise.

The counter had also outperformed the market in past one year, surging 40.53% as against 2.05% jumps in Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 68.836. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

In daily chart, the stock is trading above its 50, 100 and 200 days simple moving average (SMA) placed at 150.66, 146.31 and 129.09 respectively. These levels will act as crucial support zones in near term.

Power Finance Corporation is a Government Company engaged in extending financial assistance to power sector and is a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance Company (IFC). As of 31 December 2022, the Government of India owned a 55.99% stake in the company.

The company's consolidated net profit grew by 7.8% to Rs 3,860.25 crore on 2.3% rise in total income to Rs 19,662.66 crore in Q3 FY23 over Q3 FY22.