Table of Contents
Today’s trending stock REC Ltd.
REC Company Review
REC ltd was consolidated in 1969 in the background of serious dry season and starvation in the country, to empower farming siphon sets for water system purposes, in this manner decreasing the reliance of horticulture on rainstorm. From its modest starting points, REC has advanced and extended its funding command to cover the whole Power-Foundation area involving Age, Transmission, Circulation, Environmentally friendly power and new innovations like Electric Vehicles, Battery Stockpiling, Green Hydrogen and so on. All the more as of late REC has additionally expanded into the Non-Power Framework area containing Streets and Turnpikes, Metro Rail, Air terminals, IT Correspondence, Social and Business Foundation (Instructive Organization, Medical clinics), Ports and Electro-Mechanical (E&M) works in regard of different areas like Steel, Processing plant, and so on.
REC ltd gives long terms credits and other funding items to State, Center and Privately owned businesses for making of framework resources in the country.
As on 31.03.24, REC had an Advance Book of ₹5,09,371 Cr with 89% credits to state area. The Total assets of the organization remained at ₹68,783 Cr. According to Public Ventures Overview FY2022-23, REC is positioned seventh in term of Net Benefit among every one of the 193 benefit making CPSEs
REC keeps on assuming a key part in the lead plans of the Public authority for the power area. Before, REC has been related as nodal organization for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY) and Public Power Asset (NEF) Plan. These plans brought about reinforcing of last mile dissemination framework, 100 percent town charge and family jolt in the country. REC has additionally been made the nodal office for specific states for the Redid Appropriation Area Plan (RDSS).
REC supports its business with market borrowings of different developments, including securities and term advances separated from unfamiliar borrowings. REC appreciates most elevated Homegrown Rating of “AAA” for long haul getting from IRRPL, CRISIL, and ICRA. On worldwide premise, REC holds rating of “Baa3” from Moody’s and “BBB-” from Fitch, both at standard with sovereign evaluations.
REC Ltd has a countrywide presence through 22 state workplaces for compelling help conveyance.
RECPDCL, (REC Power Improvement and Consultancy Restricted) the completely claimed auxiliary of REC, gives a scope of significant worth added consultancy administrations in the power area.
REC Organization of Force The executives and Preparing (RECIPMT) is a Preparation Foundation laid out at Hyderabad in 1979 with the goal to plan and lead preparing programs on different subjects of Power Age, Transmission and Dissemination Frameworks and furthermore on Non-Regular/Environmentally friendly power Frameworks.
https://recindia.nic.in/corporate-profile
REC Ltd Share Overview
REC Ltd is exchanging – 7.35% lower at Rs 516.65 when contrasted with its last shutting cost. REC has been exchanging the value scope of 539.85 and 497.40. REC has given 35.11% in this year and 23.61% over the most recent 5 days.
REC has TTM P/E proportion 8.42 when contrasted with the area P/E of 18.37.There are 6 investigators who have started inclusion on REC. There are 2 experts who have given it a solid purchase rating and 3 examiners have given it a purchase rating. 0 examiners have given the stock a sell rating.
The organization posted a net benefit of 4,079.09 Crores in its last quarter.
Recorded companions of REC incorporate REC (- 7.35%), Bajaj Possessions and Speculation (- 0.97%), Emudhra (- 0.76%) and so forth.
REC has a 52.63% advertiser holding and 47.37% public holding. The Shared Asset holding in REC was at 4.47% in 31 Blemish 2024. The MF holding has diminished from the last quarter. The FII holding in REC was at 19.91% in 31 Blemish 2024. The FII holding has diminished from the last quarter.
https://www.moneycontrol.com/india/stockpricequote/finance-term-lending-institutions/rec/REC02