PFC has target of Rs 179-180: Thukral

Power Finance Corporation (PFC) has target of Rs 179-180, says Hemant Thukral of Aditya Birla Money.

Thukral told CNBC-TV18, "In immediate short-term Power Finance Corporation (PFC) is looking strong and more important the way the rollovers have progressed in both PFC and Rural Electrification Corporation (REC) saw very good rollovers yesterday but PFC’s cost is much better than REC."
He further added, "I recommend that one should accumulate today at Rs 173-172 mark; the number it closed at yesterday. Keep a tight stop loss of Rs 169. The first target that we see in immediate short-term is Rs 179-180. Once it manages to cross that then it can even surprise by going up to Rs 190."