Buy Rural Electrification Corp: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) are bottoming out. There are clear and visible bullish patterns in the stock. So REC is a buying opportunity."

At 10:21 hrs Rural Electrification Corporation was quoting at Rs 178.55, up Rs 3.05, or 1.74 percent. It has touched an intraday high of Rs 181.20 and an intraday low of Rs 177.50. The share touched its 52-week high Rs 267.50 and 52-week low Rs 146.15 on 04 January, 2013 and 05 August, 2013, respectively. Currently, it is trading 33.25 percent below its 52-week high and 22.17 percent above its 52-week low. Market capitalisation stands at Rs 17,631.08 crore.