REC has target of Rs 250: Sukhani

Rural Electrification Corporation (REC) has target of Rs 250, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "We are looking at GVK Power, IVRCL and Suzlon Energy."
He further added, "The opportunity will come when Polaris comes back to Rs 120-125. It’s still much higher than that so let it be. We take profits on our long positions and then wait for the market to determine where it wants to go. I think the IT stocks will come much lower when the opportunity will arise, this is too early."
"What we really want is for REC and PFC both to go through some consolidation or corrections because entry on a stock that’s jumping every day is not easy. But REC was suggested as a buy in the morning and a target of Rs 250 plus appears likely."