Gaurang Shah of Geojit Financial Services is of the view that one may prefer Power Grid.
Gaurang Shah of Geojit Financial Services told CNBC-TV18, "First of all it is very important to identify sector and stocks in case if you are buying anything from a short to medium term point of view. If you bought something like a PFC or anything associated with power, project finance, power generation, power transmission, and distribution you need to have a longest time horizon. On PFC we don’t have a specific coverage but extend your time horizon to may be about 18-24 months and switch to Power Grid that is where we have a positive coverage.""Our sense is that all the policies that the government has laid out in terms of 2020-2022 power 24 by 7, I think definitely you are likely to see some kind of a package coming out from the government for the power generation, transmission and distribution companies. So, prudent to make a switch to Power Grid and change a time horizon to 18-24 months," he added.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.