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.