SP Tulsian of sptulsian.com told CNBC-TV18, "The two dedicated power finance institutions that is Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) are seeing the weakness because of this concerns that probably the non performing asset (NPA) may start rising."
"However, I am holding my positive view that maybe an extreme view which has resulted in the stock to correct to the level of Rs 135, I will advice to remain invested on the stock with one year view. There are lot of hopes, it is very difficult to say whether one will be able to see one's cost or not but one can safely expect a level of about Rs 175 because I don't see any concerns on the business model. Things are all prudently managed and once one have any kind of measures initiated by the government in respect to power projects which again are seen to be on their top priority one will see the fortune of this dedicated power finance companies also turning," he added
He further said, "Remain invested with one year view without having any target keeping in mind and still if one wants to know the target look for Rs 175 or so." Also Read: Intelligent Energy & Microqual sign telecoms collaboration
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