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Discom bailout to have limited impact on Power Finance, says Barclays

<br /><br /> Barclays Capital added that Power Finance has limited discom exposure, and cited concerns about the recent run-up in its share prices.

FP Archives|Dec 20, 2014, 20:05:29 IST

[caption id="attachment_468977" align="alignleft" width="380"] Reuters[/caption]

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

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