REC has target of Rs 232: Thununguntla

Rural Electrification Corporation (REC) has target of Rs 232, says Jagannadham Thununguntla of SMC Global.

Thununguntla told CNBC-TV18, "REC has target of Rs 232. It is a quality PSU and going very aggressively on the loan book. The recent relief from the state electricity board announcement can be a good filling for the stock and overall the company is appearing to be very strong bet above for Rs 300 levels in a matter of next 6 months but for the day target price of Rs 232 the stock can be decent bet." Click HERE to know the rules and follow the score card