REC Limited (BOM: 532955)
India
· Delayed Price · Currency is INR | Market Cap | 1.29T |
| Revenue (ttm) | 197.63B |
| Net Income (ttm) | 148.52B |
| Shares Out | n/a |
| EPS (ttm) | 56.40 |
| PE Ratio | 8.70 |
| Forward PE | n/a |
| Dividend | 17.00 (3.52%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 167,085 |
| Average Volume | 274,618 |
| Open | 483.50 |
| Previous Close | 482.60 |
| Day's Range | 478.15 - 495.55 |
| 52-Week Range | 408.00 - 653.90 |
| Beta | n/a |
| RSI | 45.71 |
| Earnings Date | Jan 24, 2025 |
About REC Limited
REC Limited, together with its subsidiaries, engages in the provision of 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 for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation o... [Read more]
Financial Performance
In 2023, REC Limited's revenue was 189.32 billion, an increase of 20.96% compared to the previous year's 156.51 billion. Earnings were 141.12 billion, an increase of 26.75%.
Financial StatementsNews
REC shares surge over 3% today after ICICI Securities initiates Buy call with target price of Rs 600
REC Ltd’s stock rose 3% after ICICI Securities issued a ‘Buy’ rating with a target price of ₹600, citing a strong ₹43 lakh crore projects pipeline for power generation and transmission as a key growth...
ICICI Securities initiates ‘Buy’ call on PFC and REC; sees robust growth potential in power financing
ICICI Securities has initiated 'Buy' ratings on Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) with target prices of ₹550 and ₹600, respectively.
REC’s Q3 loan disbursement grows 17.98% YoY, renewable energy loans surge over 58%
REC Limited reported a significant year-on-year growth of 17.98% in loan disbursements for the third quarter of FY24-25, reaching Rs 54,692 crore, up from Rs 46,358 crore in Q3 FY23-24. This robust pe...
Emkay initiates coverage on PFC and REC: Buy ratings with over 25% upside taget – Check details
Emkay Global has initiated coverage on Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) with “Buy” ratings, citing strong growth potential, improved asset quality, and attra...
REC’s market cap rises by Rs. 6,230 crore as shares jump 4.68%
Shares of REC Limited gained 4.68% to trade at Rs. 529.95 in today’s session, boosting the company’s market capitalization by approximately Rs. 6,230 crore. The total market cap now stands at Rs. 1,39...
REC Limited’s market cap gains ₹3,755 crore as shares surge nearly 3%
REC Limited saw its shares climb by 2.91% today, closing at ₹505.25, up from the previous close of ₹490.95. This price increase added approximately ₹3,755 crore to its market capitalization, which now...
REC shares rise nearly 2% as Bernstein sees buying opportunity amid recent correction
Shares of REC Limited rose by 1.84% to trade at ₹500 as of 10:19 AM on Friday. The stock saw renewed buying interest after global brokerage firm Bernstein reiterated its “overweight” rating with a tar...
Correction in PFC, REC shares after Adani Group news is a buying opportunity, says brokerage firm Bernstein
Bernstein has reaffirmed its positive stance on Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) amid a sharp correction in their stocks due to concerns raised by the US SEC...
REC’s market cap declines by Rs 6,697 crore – Know More
REC Limited witnessed a sharp decline of 4.99% today, with its stock price closing at Rs 490.80. This fall resulted in an approximate market cap reduction of Rs 6,697 crore, bringing the total market ...
REC’s market cap surges by Rs 5,527 crore: Know More
Shares of REC Limited experienced a significant rise today, climbing 4.17% to reach Rs 521.90 from its previous close of Rs 501.00. This rally in stock price translated into a market capitalization ga...
ACME Solar shares surge over 5% after securing Rs 3,753 crore REC loan
ACME Solar Holdings Ltd. saw its shares rise by 5.31%, trading at ₹241.00 on the NSE as of 10:11 AM, following the announcement of its wholly-owned subsidiary, ACME Sun Power Private Limited, securing...
Why are ACME Solar shares 8% up? Know More
ACME Sun Power Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited, has received a ₹3,753 crore term loan from REC Limited to fund the development of 320 MW Firm and Dispatchable...
ACME Sun Power secures Rs 3,753 crore loan from REC for renewable energy projects in Rajasthan and Gujarat
ACME Sun Power Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited, has secured a Rs 3,753 crore term loan from REC Limited to finance the development and construction of 320 MW ...
REC Share Price: Macquarie initiates outperform on REC with target at Rs 660, indicating 28% upside
Macquarie has initiated an outperform rating on REC Limited, setting a target price of ₹660, which implies a potential upside of 28% from the current market price (CMP) of ₹514.85. The brokerage highl...
REC Limited completes sale of Bikaner Power Transmission subsidiaries to Power Grid Corporation of India
REC Limited, through its wholly-owned subsidiary REC Power Development & Consultancy Limited (RECPDCL), has successfully completed the sale of its two subsidiaries, Bikaner A Power Transmission Limite...
REC shares surge over 3% as Q2 profit rises 6.5% to ₹4,038 crore
REC Limited, a state-run non-banking financial company, has posted a 6.5% year-on-year (YoY) increase in consolidated net profit for the second quarter of FY25, rising to ₹4,038 crore from ₹3,790 cror...
REC Limited incorporates Rajasthan V Power Transmission
REC Limited has announced the incorporation of Rajasthan V Power Transmission Limited as a wholly owned subsidiary of REC Power Development & Consultancy Limited (RECPDCL).