Power Finance Corporation
By VK Sharma
VK Sharma, HDFC Securities advises traders to buy PFC 190 Put.
He said “PFC has been under tremendous pressure. The stock fell by 5 percent. I am suggesting buying the 190 put here which quoted at around Rs 7 suggesting keeping a stop loss at Rs 5 and hoping to sell this at premium of around Rs 12.”
Power Finance Corporation (PFC) is an India-based government company engaged in extending financial assistance to power sector. The Company provides a range of financial products, such as Asset acquisition, Bridge Loan, Buyer's Line of Credit, Corporate Loan, Credit Facility for Purchase of Power, Debt Refinancing, Project Term Loans, Short Term Loan, Energy Saving Projects and Line of Credit for Import of Coal.
Its services include non-fund based consultancy services. Its subsidiaries include PFC Consulting Limited, PFC Green Energy Limited, PFC Capital Advisory Services Limited, Power Equity Capital Advisors Private Limited and Chhattisgarh Surguja Power On March 29, 2012, it announced that PFC Consulting Limited, the Company's wholly owned subsidiary, transferred its wholly owned subsidiary, Nagapattinam-Madhugiri Transmission Company Limited, to Power Grid Corporation of India Limited. On April 26, 2012, it incorporated Deoghar Mega Power Limited.
At present PFC is being traded at 
187.45. Its 52 week high is 227.35 and 52 week low has been 138.75.
