PFC, REC shares hit 52-week lows

Thus far in the calendar year 2018, PFC was down 14% and REC by 13%, as compared to less than 1% fall in the Sensex.

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.