Wednesday, 20 May 2015

PFC spurts after block deal

Power Finance Corporation (PFC) has strengthened its early gains on the BSE, on the back of fresh bulk deal at the counter. 

Power Finance Corporation Ltd.
Power Finance Corporation (PFC) has strengthened its early gains on the BSE, on the back of fresh bulk deal at the counter.

According to TV reports, 42.8 lakh shares have changed hands in a single block deal at Rs. 272.80 on the BSE.

Currently, the stock is trading at the highest level of the day - with a jump of 1.3 percent to Rs. 275.
So far, the counter has seen trades of around 4.3 million shares as compared to its two-week daily average volume of 331,000 shares.

Meanwhile, the BSE Sensex has surged 244 points at 27,889.

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