HomeCrypto(Technical Analysis) Power Finance Corporation Share Price Target 2023, 2025, 2030, 2035,...

(Technical Analysis) Power Finance Corporation Share Price Target 2023, 2025, 2030, 2035, 2040

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Power Finance Corporation limited public sector undertaking of the Indian ministry of power, Government of India. The organization was established in 1986 to finance the Indian power sector. The net worth of the company in 2018 was INR 383 billion. The company is the 8th largest profit-making Central public sector undertaking. The organization is wholly owned by the government of India and the initial public offering was done on January 2007. PFC was listed on the Indian stock Exchange in February 2007. The revenue reported by the company in 2021 was INR 71,700 crores and the net income was INR 15,709 crores.

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The current Power Finance Corporation share price is INR 109.90.

Power Finance Corporation trend lines

The Power Finance Corporation share price has been moving between the trendlines since February 2014. The price has touched several times both the lines and then retested.

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Head and shoulder pattern

The price has also formed head and shoulder patterns several times.

PFC upper trend breakout prediction

It is expected that the price will again touch the upper trend line and then retrace back. The aggressive investor can invest between 100 and 120.

PFC lower trend line prediction

Conservative investors can wait for the price to come down near the lower trend line.

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PFC upper trend line breakout

You can also wait for the price to cross upper trendline, which is the right to enter the trade. After the price cross the upper trend line, it will retrace back and then again move upward.

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Power Finance Corporation share price target for 2023 is INR 160, 2025 is INR 220, 2030 is INR 400, 2035 is INR 650, 2040 is INR 950.

The benefit of investing in PFC is the constant dividend declared by the company. The company declared INR 2.25 on September 2022, INR 1.25 on June 2022, INR 6 on February 2022, INR 2.50 on November 2021, INR 2.25 on August 2021, INR 2 on July 2021, INR 8 on March 2021, INR 9.50 on February 2020, INR 1.80 on March 2018, INR 6 on November 2017, and so on.

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1. Should I invest in power finance Corporation?

Yes, but you should wait for the price to come down between 90 and 100. The stock has the potential to grow in the future because of rising power demand. The beginning of the trend of an electric vehicles will increase the demand and consequently the share price.

2. Can I earn significant dividend from the investment?

Yes, the company has given a huge amounts has dividend to the shareholders. The shareholders can expect to earn around 5% to 10% of the investment as a dividends.

3. Who is the chairperson and managing director of the company?

Mr Ravinder Singh Dhillon is the chairperson and managing director of the company.

Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details. You should do your research about various factors affecting the stock price. We are not liable for any loss.

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