D-Street investors add bearish bets on PFC and REC, rush to defensives
Traders have built bearish derivative bets on state-owned power sector lenders Power Finance Corp (PFC) and REC promoted by the reversal in the recent bullish momentum in these stocks. On Monday, Power Finance Corp dropped 3.7% to βΉ525 and REC declined 2.6% to βΉ592. In last five days, the stocks fell around 5% each while…
READ MORE