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REC (Rural Electrification Corporation Limited) Share

REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers.

REC Limited: A Respected Power Sector Financier

REC Limited, a subsidiary of Power Finance Corporation Limited, is a public financial institution established in 1969.

  • Provides financing services for power generation, transmission, and distribution projects in India.
  • Offers long, medium, and short-term loans, debt refinancing, and equity financing.
  • Acts as a nodal agency for government electrification schemes and provides consultancy services in the power sector.
  • Serves various power utilities, including central/state governments and private sector companies.

REC Limited is a well-respected player in the power sector, committed to providing reliable financing solutions to support India’s power infrastructure development.

As of Tue 29 Oct 2024, REC share price stands at ₹547.50, losing ₹-7.00 (-1.26%) in this month.

In summary, our analysis of REC for next month predicts a rise of 3.86% to 7.68% with three potential targets T1: ₹568.68, T2: ₹574.37, T3: ₹589.59 and Stop-Loss (SL) at SL1: ₹541.65, SL2: ₹536.09, SL3: ₹530.40.

Additionally, we’ve identified a support level at 519.29 — think of this as a safety net where the price might stop falling and there’s also a resistance level at 569.45, which is like a ceiling at which the price might have a hard time breaking through.