There are trading opportunities for REC and PFC: Hemang Jani, Sharekhan

In a chat with ET Now, Hemang Jani, Senior Vice President, Sharekhan, shares his views on PFC and REC.

ET Now: Would you go ahead and make investments in PFC and REC?

Hemang Jani: It is a little premature to take a plunge on to some of these stocks, because the core issue that we have about this Power Finance that it is not clear at this point of time as to how much amount are we looking at, in terms of restructuring and the detailing of that. Some of the decisions have to be taken by the states in terms of increasing the tariffs, so unless we get on these details to take a big call on the sector would be a little premature. But yes, this kind of developments could provide trading opportunities for stocks like REC and PFC and we believe that there is some more upside to both the stocks by let us say by another 8% to 10%.