Buy Power Finance Corporation on decline: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com , shares his views about Power Finance Corporation.

ET Now: On the charts Power Finance Corporation?

Ashwani Gujral: By downgrading TCS, S&P has taken the wind out of its downgrades. But the one downgrade, that I would like to buy is probably TCS. PFC finds lot of support on this 150-160 zone. So, as long as this holds up I would try to buy this one on decline but there is no urgency. I would not buy it right now, may be wait for a couple of days to see if it again finds support around these 160 zones and if it does it is a fairly decent buy.