See 15-20% upside in REC: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have a positive coverage on Rural Electrification Corporation (REC), the only problem is that over the last six months to a year the stock has been languishing and we have seen some amount of underperformance. With the sector that it has been associated with and the government policies which have unfolded and which are likely to unfold, our sense is that companies like REC, Power Grid, Power Finance Corporation are some of the companies that you should definitely have on your radar.""If you have in your portfolio then you need a little bit of longish time horizon may be a year and a half or two for it to have a material impact on upside. Given the kind of earnings visibility well as of now it has been a little subdued but opportunities galore for these companies related to power sector and our sense is that from that one- one and a half year to two year kind of a time horizon you could easily get at least about 15-20 percent upside," he added.