PFC may touch Rs 200, says Jitendra Panda

Jitendra Panda of Peerless Securities is of the view that Power Finance Corporation may touch Rs 200 in the short term.

Jitendra Panda of Peerless Securities told CNBC-TV18, "Public sector undertakings (PSU) are doing very well. Coal India  and Rural Electrification Corporation  (REC) are looking strong. Looking at short-term trading for today and Friday you could look at Power Finance Corporation  (PFC) at current levels."

"We are looking at a target of Rs 200 for short-term traders and maybe we should be able to see today some short covering further. We believe PFC positional on May basis can be taken for Rs 200 as a target and May futures can be bought with Rs 190 as stoploss," he said.

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