REC Limited, a ‘Maharatna’ company under the Ministry of Power, has applied to open a subsidiary in Gujarat’s GIFT City to begin financing offshore projects. CMD Vivek Kumar Dewangan announced plans to start offshore financing this financial year. REC reported a 19% increase in revenue to Rs 13,023 crore and a 16% rise in net profit to Rs 3,442 crore for Q1 2024. The company aims to double its loan book to Rs 10 lakh crore by 2030, focusing on renewable energy and non-power infrastructure.

REC Ltd looking at financing overseas projects, submitted application for subsidiary at GIFT City

REC Ltd is quoting at Rs 624.8, up 2.76% on the day as on 12:49 IST on the NSE. The stock is up 231.99% in last one year as compared to a 25.71% gain in NIFTY and a 13.87% gain in the Nifty Financial Services index.

REC Ltd soars 2.76%, rises for third straight session

REC Ltd is quoting at Rs 600.5, down 1.57% on the day as on 13:19 IST on the NSE. The stock jumped 271.25% in last one year as compared to a 23.13% rally in NIFTY and a 14.59% spurt in the Nifty Financial Services index.

Spotlight

REC Ltd slips for fifth straight session

REC Ltd is quoting at Rs 610.35, up 0.45% on the day as on 12:44 IST on the NSE. The stock is up 265.7% in last one year as compared to a 25.98% spurt in NIFTY and a 17.82% spurt in the Nifty Financial Services.

REC Ltd spurts 0.45%, rises for fifth straight session

REC Ltd is quoting at Rs 549.8, up 4.64% on the day as on 12:49 IST on the NSE. The stock is up 230.71% in last one year as compared to a 24.81% jump in NIFTY and a 16.49% jump in the Nifty Financial Services index.

REC Ltd rises for third straight session

State-owned REC Ltd on Monday said it sanctioned Rs 1,12,747 crore worth of loans during April-June FY25, posting a year-on-year growth of 24.17 per cent.

REC loan sanctions grow 24% to Rs 1.12 trn in Q1; Rs 40k cr for renewables

REC Ltd is quoting at Rs 535.45, up 2.67% on the day as on 12:49 IST on the NSE. The stock is up 253.32% in last one year as compared to a 25.45% spurt in NIFTY and a 16.5% spurt in the Nifty Financial Services index.

REC Ltd up for third straight session

REC Ltd is quoting at Rs 512.8, up 0.31% on the day as on 12:44 IST on the NSE. The stock is up 231.69% in last one year as compared to a 25.46% gain in NIFTY and a 14.25% gain in the Nifty Financial Services.

REC Ltd gains for fifth session

Renewable energy projects of 10 MW or more are referred as utility-scale projects. REC Power Development and Consultancy Ltd. is a wholly owned subsidiary of state-owned REC Ltd.

REC Arm, BHEL To Develop Utility-Scale Renewable Energy Projects

Serentica Renewables Pvt. on Monday said it has raised Rs 5,600 crore funding from state-owned firms REC Ltd and Power Finance Corporation Ltd.

Serentica Renewables Secures Rs 5,600 Crore Funding From REC, PFC

Adani Ports, REC Ltd and Birlasoft see a bullish setup, while ITC, JK Cement and Glenmark see a short build-up

F&O Manual |Nifty tests 19,350, Bank Nifty rebounds after 5-day losing streak

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

REC is engaged in other financial services and activities-other Credit granting

REC Limited

With a market cap of ₹1,39,323 cr, stock is ranked 62

REC Limited

REC Limited

Scorecard

News & Opinions

REC Ltd looking at financing overseas projects, submitted application for subsidiary at GIFT City

REC Ltd soars 2.76%, rises for third straight session

REC Ltd slips for fifth straight session

REC Ltd spurts 0.45%, rises for fifth straight session

REC Ltd rises for third straight session

REC loan sanctions grow 24% to Rs 1.12 trn in Q1; Rs 40k cr for renewables

REC Ltd up for third straight session