Buy REC for long term: Deven Choksey

Deven Choksey, MD, KR Choksey Shares and Securities is of the view that one should buy REC.

Choksey told CNBC-Awaaz, "One should buy REC with a long term perspective. The stock is looking good with attractive valuation. It can touch Rs 255 in next 18 months time."
The company touched its 52-week high Rs 251.40 and 52-week low Rs 143.50 on 17 Feb, 2012 and 28 Dec, 2011, respectively. Currently, it is trading -32.58% below its 52-week high and 18.12% above its 52-week low.