REC, PFC Shares: Love them, hate them, but cannot ignore them, says Bernstein
Brokerage firm Bernstein has initiated coverage on both REC Ltd. and PFC Ltd., the power financing PSUs with an outperform rating, calling both these stocks as their most preferred plays in India’s power cycle. Bernstein has a price target of ₹653 on REC and a target of ₹620 on PFC, implying a potential upside of …