PFC ease pass monthly target of 155. Continue holding for revised target of 190.
We have initiated a buy call in PFC and REC from Rs. 115. Stocks are trading above 160 and 200 respectively. They have also given interim dividend last month. Stocks have consolidated post dividend at 130 and 150 respectively. Post consolidation, stocks have moved stronger above 140 and 165 respectively.
Today both stocks are up 10% and more. Continue holding stocks for revised target of 190 and 240 respectively in 3 months. Sl at 150 and 185 respectively.
Earlier calls on PFC:
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