Danger Ahead: PFC

Gross NPA.      30718cr

Restructured.   55439 cr

TOTAL.               86157cr

*It works out 35% of loan book*

With falling power tariffs, power companies feeling further stress and finding increasingly difficult to service their loans

BIG PORTION OF RESTRUCTURED LOANS ARE POTENTIAL NPAs OF FUTURE

_Most brokerage houses will downgrade the stock ( today evening) which will accelerate institutional selling_

We remain bearish with TP 100-110