 "Power Finance Corporation, PFC, PFC logo")
Shares of state-owned power finance companies, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have hit their respective fresh 52-week lows on the BSE in early morning trade on Thursday.
REC hit low of Rs 136 and PFC touched low of Rs 103, down nearly 1% each on the BSE in intra-day trade so far. On comparison, the S&P BSE Sensex was trading 0.38% lower at 33,718 at 09:43 am.
PFC (down 6%) and REC (down 4%) have underperformed the market after announced their December quarter (Q3FY18) results, as compared to 1% decline in the benchmark index.
REC hit low of Rs 136 and PFC touched low of Rs 103, down nearly 1% each on the BSE in intra-day trade so far. On comparison, the S&P BSE Sensex was trading 0.38% lower at 33,718 at 09:43 am.
PFC (down 6%) and REC (down 4%) have underperformed the market after announced their December quarter (Q3FY18) results, as compared to 1% decline in the benchmark index.
