Invest in Rural Electrification Corporation: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have a positive coverage on Rural Electrification Corporation (REC) and this entire power, transmission, distribution and power project finance related sector looks quite attractive to us from our longest time horizon. When I say longest time horizon when it is associated with power, transmission, distribution and power finance your time horizon at least has to be year and half or plus.""This is given the fact that government is already trying its bit to improve the power transmission availability across pan India. So, if one has a long-term time horizon Rural Electrification Corporation (REC) is one of the best investment ideas along with Power Grid and Power Finance Corporation as a disclosure we do have positive coverage on all these names," he added.