In early September I had done some analysis on REC and PFC and had taken positions. Sharing observations, I had then.
PFC Div Yield and Price Co-relation. Div Yield highlighted in blue and stock price in black.
Whenever PFC’s dividend yield has crossed 7%, the stock has given at least a 2 bagger return in around 1 year. In current inflationary envmnt. There is a small but gradual increase in FII holdings too.
There is a similar trend in REC too and this pattern keeps getting repeated every few years.
The above pattern can also be co-related on technical charts.
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