Buy Power Finance Corp, says Sukhani

Published on Thu, Feb 02, 2012 at 10:49 |  Source : CNBC-TV18

Updated at Thu, Feb 02, 2012 at 10:58  

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Sudarshan Sukhani, s2analytics.com

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Sudarshan Sukhani, s2analytics.com is of the view that one can buy Power Finance Corporation (PFC).

Sukhani told CNBC-TV18, "PFC and its cousin REC are in an uptrend. They have gone through a very decent correction. That correction seems to be over. When the next leg of the up move starts, financials should come back quite nicely in favour. So PFC is a buy. It is probably an appropriate buy for today which may not be the case with Ashok Leyland ."

He further added, "You try to go long in Hexaware . There is a target of Rs 91-92, a short term target. So, if it opens strong but if it opens with some gap between the opening price and the target price then it is worth buying it because it does appear that it will cross Rs 90."

  

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