Exit PFC closer to Rs 200: Shruti Vora

Exit Power Finance Corporation (PFC) closer to Rs 200, says Shruti Vora, Antique Stock Broking.

Vora told CNBC-TV18, "From a shorter term perspective one can utilize the current rallies in PFC and REC to book profits or possibly exit closer to Rs 200 in PFC and about Rs 220 in REC. But from a medium term perspective these stocks may have formed their bottoms respectively at Rs 150-130 levels. So any dips to about 7-10% in both these stocks can be used to accumulate the stocks from a medium term perspective."
PFC's trailing 12-month (TTM) EPS was at Rs 22.82 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 8.10. The latest book value of the company is Rs 119.75 per share. At current value, the price-to-book value of the company was 1.54. The dividend yield of the company was 2.7%.