Reuters
Barclays Capital has cut India’s Power Finance Corp to ‘underweight’ from ‘neutral’, saying the state-run lender for power projects would see only a limited impact from the government bailout of state-owned electricity distributors (discom).
Barclays Capital added that Power Finance has limited discom exposure, and cited concerns about the recent run-up in its share prices.
BarCap maintains its target disprice on Power Finance at Rs 155.
Shares of the power lender were down 2.9 percent at 10.40 a.m.
Reuters
Firstpost encourages open discussion and debate, but please adhere to the rules below, before posting. Comments that are found to be in violation of any one or more of the guidelines will be automatically deleted:
Personal attacks/name calling will not be tolerated. This applies to comments directed at the author, other commenters and other politicians/public figures
Please do not post comments that target a specific community, caste, nationality or religion.
While you do not have to use your real name, any commenters using any Firstpost writer's name will be deleted, and the commenter banned from participating in any future discussions.
Comments will be moderated for abusive and offensive language.
