Short PFC with stoploss of Rs 192: Prakash Diwan

Short PFC with stoploss of Rs 192, says Prakash Diwan of Asit C Mehta Investment Intermediates.

Diwan told CNBC-TV18, "We would like to go short on some of the stocks and one of the stocks that I have chosen is hard hit because of interest rate scenario that we live in and that is Power Finance Corporation (PFC). It has already lost lot of ground from its recent peaks but I do expect this to continue losing out some momentum. So would like to short PFC with a stoploss of Rs 192 and target of Rs 175." Click HERE to know the rules and follow the score card