Sudarshan Sukhani, s2analytics.com told CNBC-TV18, "Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) both are moving in the same direction. The short-term outlook is fairly negative. We are in some kind of a downtrend and PFC is underperforming. In the short-term we could see even Rs 125-130, that would be bad but that is possible scenario."
"In two years time everything should go up and so should PFC. To that extent it is okay but I would suggest that in financials as a percentage ICICI Bank or Axis Bank are likely to go up much more than PFC will. The investor may consider switching from this financial a company to a more aggressive institution," he says. Also Read: Power ministry to discuss revised standard bidding docs
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