PFC, REC has potential to move up: SP Tulsian

PFC and REC has potential to move up, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “I see a good upside in both PFC and REC because if you see except for this I don’t think that there were any concerns on its earnings, fundamentals, growth and loan book and if that happens and if that comes in the place, I am keeping my quite a positive sub-stance.”
He further added, “Only thing is that should not remain confined only to Delhi if it spreads to the other parts of the country then probably the stock- though it will not happen very quickly, but if one can expect a time horizon of 6 months and expect it to spread at least 40-50% part of the country I think both the stocks have an upside potential of maybe 30-40% from hereon with these two caveats. Positive view on both, but still if somebody wants to choose then probably PFC looks a better on a comparative basis."