Updated Jan 11, 2025 16:02 IST
IREDA, PFC, REC: How to trade 3 PSU power stocks in market crash? (Pic: Shutterstock/ ET NOW)
The top PSU power stocks IREDA, PFC and REC have corrected in the range of 30 to 35 per cent from their respective highs while the BSE Power index has crashed 27 per cent the peak.
REC shares are current down 29 per cent the peak of Rs 654, touched on July 12, 2024. REC shares on Friday closed with a sharp fall of 6.50 per cent at Rs 459.65. Likewise, PFC shares have corrected 30 per cent from its peak of Rs 580, touched on July 12, 2024. PFC shares on Friday closed with a cut of 4.21 per cent at Rs 404.20 on NSE.
On PFC and REC as well, Jatin recommended investors to exit their positions or HOLD for long-term.
IREDA had launched its IPO in November 2024 at Rs 32. At current market price of Rs 201.15, IREDA shares are up more than 500 per cent from the IPO price. On the other hand, REC shares have delivered a moderate return of 9 per cent in the last 1 year while PFC shares have remained flat.
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