Sell Power Finance Corporation on rally: Sudarshan Sukhani

Jul 04, 2013, 02.19 PM IST

Sudarshan Sukhani of s2analytics.com recommends to sell Power Finance Corporation on rally.

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Sudarshan Sukhani of s2analytics.com recommends to sell Power Finance Corporation on rally.

Like this story, share it with millions of investors on M3

Sell Power Finance Corporation on rally: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends to sell Power Finance Corporation on rally.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The Power Finance Corporation (PFC) charts have been disappointing for sometime now and the message is not to buy it. Wait for one-two day rallies and continue to sell it. It is a short sell. It continues to be so."

The share touched its 52-week high Rs 227.00 and 52-week low Rs 131.35 on 08 February, 2013 and 25 June, 2013, respectively. Currently, it is trading 41.48 percent below its 52-week high and 1.14 percent above its 52-week low. Market capitalisation stands at Rs 17,536.40 crore.

Also Read: 9 power PSUs to donate Rs 25 cr for Uttarakhand relief

Action in Power Finance Corporation

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