“Both REC and PFC continue to be under-owned by the investors vis-à-vis banks and other financial stocks. So, both will continue to do well and that could be a re-rating. Plus they have a healthy dividend payout also. REC and PFC s payout policy of 30% distributing that will remain healthy.”
India VIX was up by 1.55% from 11.64 to 11.83 levels on Friday. Volatility was slightly higher but overall bulls were holding the grip at support zones.
“Bulls regained strength in the market following positive US data, prompting short-covering moves in the index. The downside support for the index is situated at 19,560, and as long as this support holds, a "buy on dip" strategy is recommended. A breakthrough of the resistance at 19,850 by the end of the month is anticipated, potentially paving the way for further upward movement towards 20,200-20,500 levels.”