REC Limited is a government company in the power finance sector. The stock of the company soared 1.42% and closed at Rs. 499.05 on January 31, 2024.
Despite a huge return of about 309.86% over the last year, the stock remains attractive.
The brokerage firm recommends buying REC Limited, highlighting the need for debt investment in the power sector’s capacity addition.
The brokerage has set buy advice and target prices per share at ₹522 and ₹548.
REC Limited is expected to provide a solid yield of 37–38 percent at its current value.
The brokerage’s perspective on REC is based on the power sector’s projected addition of 212 GW capacity during FY22–27, with an estimated debt investment of ₹10.9 lakh crore.
REC’s Asset Under Management (AUM) stood at ₹4.97 lakh crore as of Q3 FY24, with an expected CAGR of 16 percent from FY24 to FY28.
The brokerage values REC at 2.25x FY25 Book Value Per Share (BVPS), setting a target price of ₹675.
REC Limited provides infrastructure finance focusing on the power sector in India.
The company offers loans with interest rates to various entities in the power system.
The company provides financial services including medium-term and long-term loans, short-term loans, equity financing, debt refinancing, manufacturing equipment financing, and financing against regulatory assets for power utility companies.
REC Limited operates in lending segments related to logistics, power, and infrastructure industries.
As of January 30, 2024, REC Ltd. had a revenue of $5.0 billion, a net income of XYZ, and a market cap of $15.8 billion.
The company has 419 employees and operates in the financial services industry.
The company has a strong social media buzz and has recently introduced an official website.
Management of REC Limited
Name
Designation
Vivek Kumar Dewangan
Chairman & Managing Director
V K Singh
Director – Projects
Manoj Manohar Pande
Independent Director
Gambheer Singh
Independent Director
Manoj Sharma
Nominee Director
Ajoy Choudhury
Director – Finance
Narayanan Thirupathy
Independent Director
Durgesh Nandini
Independent Director
Piyush Singh
Government Nominee Director
Registered Address
Core-4, SCOPE Complex,
7, Lodhi Road,,
New Delhi
Delhi
110003
This is a comprehensive guide to REC Limited’s share. The above-mentioned information and data are as of January 31, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments. If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please leave them in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.
Disclaimer: Dear Readers, we are not authorized by SEBI (Securities and Exchange Board of India). The information provided above is for educational purposes and should not be considered financial advice or stock recommendations. Share price predictions are for reference purposes and are based on positive market indicators. The analysis does not account for uncertainties about future or current market conditions. The author, brokerage firm, or Finreturns.com are not liable for losses resulting from decisions. Finreturns.com advises consulting with certified experts before investment decisions.
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