REC, PFC shares rise up to 3.5% as Macquarie reiterates outperform rating

REC rose by as much as 3.5% on Thursday to Rs 416.10 on the BSE, while PFC gained 2.9% to Rs 407.10. Macquarie set a target price of Rs 700 for REC and Rs 660 for PFC, suggesting an upside potential of about 68% and 62%, respectively, from current levels.