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REC Ltd (RECM)

NSE
Currency in INR
Disclaimer
618.80
+20.40(+3.41%)
Closed
RECM Scorecard
Full Analysis
Quickly burning through cash
Earnings results expected in 4 days
Fair Value
Day's Range
591.40620.60
52 wk Range
171.00654.00
Bid/Ask
619.30 / 619.80
Prev. Close
618.8
Open
595
Day's Range
591.4-620.6
52 wk Range
171-654
Volume
13,035,918
Average Volume (3m)
23,398,940
1-Year Change
282.33%
Fair Value
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Company’s Health
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Price Target
598.00
Downside
-3.36%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth

REC Ltd Company Profile

REC Limited, a public financial institution, provides financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing (Em) for power sector and coal mines, policy for funding against regulatory assets, and revolving bill payment facility services. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; and provides implementation and consultancy services in power sector. It serves central/state government power utilities, as well as private sector power utilities. The company was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. REC Limited was incorporated in 1969 and is based in Gurugram, India. REC Limited operates as a subsidiary of Power Finance Corporation Limited.

Sector
Financial
Employees
417
Market
India
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