REC can touch Rs 250: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com feels that Rural Electrification Corporation (REC) can test Rs 250.

Sukhani told CNBC-TV18, "Surprisingly Dishman Pharma is in the same league as Glenmark. Apparently the bear markets in a lot of these midcap pharma companies is done with, it has been making higher highs, higher lows, made a very big gain on Friday. Those gains are going to be built upon. It does appear that the Nifty is going to close above 5250 for all we know. If that happens a lot of stocks will move up."
He further added, "Rural Electrification Corporation (REC) has a very decent chart as does PFC. So Friday’s correction should be bought into. Here is a stock that’s actually corrected. I wouldn’t worry about that dip. Both these stocks are likely to move up. REC has a very immediate target of Rs 205-210. But eventually I think it will go back to its Rs 250 levels."