Accumulate PFC at current levels, says SP Tulsian

Tulsian told CNBC-TV18, “Largely again the concerns on the power generation companies suppose for instance there has been so much noise that coal allocation blocks if gets cancelled then obviously all the power generation stocks, or the companies those who have been going in with their projects will get stranded or will get stuck and obviously that will have the impact on the financing company and PFC and REC both being the largest player in the power finance sector having financed all these projects. So obviously that fear was there because of which both the stocks have corrected.”

He further added, “Positive stance on PFC because the kind of performance having posted by the company seems that the stock has bottomed out and I may not advice to take a technical call on the stock. It may show some corrections may be 2-4% from here. But for the investor if someone has a time horizon of 2-3 months, they can start accumulating from the current level on PFC.”