PFC down after Barclays downgrades it to `Underweight`

Power Finance Corporation (PFC)dropped on Wednesday after global firm Barclays Capital cut target priceof companyto Rs 155 and changed rating to"Underweight" from "Neutral". Shares ofthe companyare trading at Rs 190.80, down Rs 6.7, or 3.39% at the Bombay Stock Exchange (BSE) on Wednesday at 11:21 a.m.The scrip has touched an intra-day high of Rs 197 and low of Rs 190.45. The total volume of shares traded at the BSE is 153,707.In the earlier session, the shares declined 1.13%, or Rs 2.25, at Rs 197.50. Currently, the stock is trading down 14.75% from its 52-week high of Rs 223.80 and above 45.54% over the 52-week low of Rs 131.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 195.40 2.10 1.07 1 Month 169.30 28.20 16.66 3 Months 172.10 25.40 14.76 6 Months 184.00 13.50 7.34 1 Year 154.00 43.50 28.25 Note: Based on previous day closing price.