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REC Ltd Share Price (RECLTD)

₹439.252.05%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of REC Ltd

Key events for REC Ltd

  • DIPAM Rejects REC Ltd's Proposal for KSK Mahanadi Power Project Debt Resolution Plan - 11 Apr, 2024

    The Department of Investment and Public Asset Management (DIPAM) has turned down REC Ltd and Power Finance Corporation's proposal for a debt resolution plan for the 1,800-MW KSK Mahanadi Power project. DIPAM rejected the proposal stating that lenders backed resolution plans should normally be avoided as it involves additional resource infusion and business risks.

  • REC Reports Record Loan Sanctions and Disbursements in FY24 - 08 Apr, 2024

    REC Limited has reported its highest-ever loan sanctions and disbursements in FY24, with a YoY growth of 33.66% and 66.72%, respectively. The company also sold its entire shareholding of M/s Meerut Shamli Power Transmission Limited. However, the stock price dropped by nearly 4% on missing its loan book guidance for FY24.

  • REC Ltd Subsidiary Transfers SPV Shareholding - 07 Apr, 2024

    REC Ltd's subsidiary, REC Power Development and Consultancy Ltd, has transferred the entire shareholding of its project-specific special purpose vehicle, Meerut Shamli Power Transmission, to Megha Engineering and Infrastructures. Additionally, REC Limited announced the transfer of a Special Purpose Vehicle held by its subsidiary, RECPDCL, to Meerut Shamli Power Transmission.

  • REC Ltd Gains for Fifth Straight Session - 04 Apr, 2024

    REC Ltd has risen around 2.36% in the last month and gained 0.39% on the day, currently quoting at Rs 475.9 on NSE. The stock is up 304.33% in the last year compared to a 27.97% spurt in NIFTY and a 16.4% spurt in the Nifty Financial Services index. REC Ltd's PE ratio stands at 9.13 based on TTM earnings ending December 23.

  • REC Approves Market Borrowing Plan, Declares Interim Dividend - 28 Mar, 2024

    State-owned REC Ltd has approved a comprehensive market borrowing program valued at Rs 1.6 lakh crore for FY25, with an interim dividend of Rs 4.5 per equity share declared. The company plans to execute the borrowing program through domestic bonds and debentures.

  • REC Ltd Plans to Borrow Rs 1.6 Lakh Crore in FY25 - 27 Mar, 2024

    The board of REC Ltd has approved a market borrowing programme worth Rs 1.6 lakh crore for FY25, with Rs 1.45 lakh crore through domestic bonds/debentures and the remaining amount via short-term loans and commercial paper.

  • REC Ltd declares interim dividend of Rs 4.50 per equity share - 26 Mar, 2024

    Maharatna PSU REC Ltd has declared an interim dividend of Rs 4.50 or 45% per equity share of Rs 10 each, with the ex-date set for March 28 and payment on or before April 17, 2024.

  • REC Ltd to Trade Ex-Date for Interim Dividend - 20 Mar, 2024

    State-owned REC Ltd will trade ex-date on March 28th for an interim dividend of Rs 4.5 per equity share of face value of Rs 10 for the financial year 2023-24, marking its third interim payout.

  • REC Announces Third Interim Dividend and Approves New Subsidiaries - 19 Mar, 2024

    State-owned REC Limited has announced a 45% third interim dividend for the financial year 2023-24. The company's board also approved the incorporation of two new subsidiaries, one as a finance company in IFSC Gujarat and another as a project-specific SPV.

  • REC Ltd Shares Trade Volatile Ahead of Board Meeting - 18 Mar, 2024

    Shares of REC Ltd traded volatile ahead of the company's board meeting to consider declaration of its third interim dividend. The record date for eligibility of shareholders is set for March 28. At current levels, RECs dividend yield stands at 2.43%. The stock has gained over 280% in the past year and grown nearly 4.5 times over five years.

  • REC Partners with Bhel for Renewable Energy Projects - 15 Mar, 2024

    State-owned REC Ltd's subsidiary, REC Power Development and Consultancy Ltd, has partnered with Bharat Heavy Electricals Ltd (Bhel) to develop renewable energy projects across India. The company's board will also consider dividends in a meeting on March 16. REC shares closed lower by 3.38% at ₹590.50.

  • REC Ltd Stock Shows Weakness - 14 Mar, 2024

    The REC Ltd stock has fallen sharply after a consolidation on the daily chart, accompanied by significant volume and resistance at the previous swing high. The decline suggests broad-based participation in selling pressure.

Analyst Rating for REC Ltd stock

based on 5 analysts

BUY
80.00%
Buy
20.00%
Hold
0.00%
Sell

Based on 5 analysts offering long term price targets for REC Ltd. An average target of ₹504

Source: S&P Global Market Intelligence

REC Ltd share Performance

  • ₹438.25
    ₹448.8
    ₹439.25
    downward going graph

    0.23%

    Downside

    Day's Volatility:2.40%

    Upside

    2.17%

    downward going graph
  • ₹120
    ₹524
    ₹439.25
    downward going graph

    72.68%

    Downside

    52 Weeks Volatility:91.97%

    Upside

    19.29%

    downward going graph
1 Month Return-2.06 %
3 Month Return-0.26 %
1 Year Return261.97 %
Previous Close₹448.45
Open₹444.05
Volume1.08Cr
Upper Circuit-
Lower Circuit-
Market Cap₹1,18,086.93Cr

REC Ltd Company Information

REC Limited (formerly Rural Electrification Corporation Limited) is an Indian public sector enterprise, incorporated in 1969. The company is headquartered in New Delhi, India and is a leading power finance company in India, engaged in the business of lending and financing for the development of the power sector. It provides financial assistance to state electricity boards, state governments, central and state power utilities, rural electric cooperatives, private sector entities and other stakeholders in the power sector.

REC offers a wide range of products and services including project finance, term loans, working capital finance, tax-free bonds, loan syndication and other financial services. It also provides financial assistance to renewable energy projects and energy efficiency projects. REC's top products include loans for power projects, energy efficiency projects, renewable energy projects and tax-free bonds. Its popular brands include REC Solar, REC Wind, REC Power, REC Power Plus and REC Solar Plus.

Share Price: ₹439.25 per share as on 12 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,18,086.93Cr as of today
Revenue: ₹0.00Cr as on December 2023 (Q4 23)
Net Profit: ₹3,308.42Cr as on December 2023 (Q4 23)
Listing date: 12 Mar, 2008
Chairperson Name: Vivek Kumar Dewangan
OrganisationREC Ltd
HeadquartersNew Delhi
IndustryFinance
E-voting on sharesClick here to vote

Fundamentals of REC Ltd

Insights on REC Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 20.36% to 20.60% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, RECLTD stock has moved up by 262.0%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 5 quarters, 9.79K Cr → 12.07K Cr (in ₹), with an average increase of 5.1% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Indian Railway Finance Corporation Ltd has given 428.4% return, outperforming this stock by 166.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Indian Railway Finance Corporation Ltd has given 577.4% return, outperforming this stock by 230.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 52.63% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 3.78K Cr → 3.30K Cr (in ₹), with an average decrease of 12.7% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 12.87% to 12.56% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 8.74% to 8.32% in Dec 2023 quarter

REC Ltd Valuation

REC Ltd in the last 5 years

  • Overview

  • Trends

Lowest (2.51x)

June 20, 2022

Today (8.83x)

April 12, 2024

Industry (30.96x)

April 12, 2024

Highest (10.25x)

February 8, 2024

LowHigh

REC Ltd Mutual Fund Holdings

Funds Holdings
HDFC Balanced Advantage Fund Direct Plan Growth OptionHDFC Balanced Advantage Fund Direct Plan Growth Option1.82%
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option1.94%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth1.82%
SBI Flexicap Fund Direct GrowthSBI Flexicap Fund Direct Growth1.78%
Invesco India Contra Fund Direct Plan GrowthInvesco India Contra Fund Direct Plan Growth2.13%

REC Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
52.63%
0.00
Foreign Institutions
20.6%
1.17
Mutual Funds
8.32%
-4.73
Retail Investors
12.56%
-2.39
Others
5.89%
8.96

Technicals of REC Ltd share

News & Events of REC Ltd

Frequently Asked Questions

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REC Ltd (RECLTD) share price today is ₹439.25

REC Ltd is listed on NSE

REC Ltd is listed on BSE

  • Today’s highest price of REC Ltd is ₹448.8.
  • Today’s lowest price of REC Ltd is ₹438.25.

PE Ratio of REC Ltd is 8.83

PE ratio = REC Ltd Market price per share / REC Ltd Earnings per share

Today’s traded volume of REC Ltd(RECLTD) is 1.08Cr.

Today’s market capitalisation of REC Ltd(RECLTD) is ₹118086.93Cr.

REC Ltd(RECLTDPrice
52 Week High
₹524
52 Week Low
₹120

REC Ltd(RECLTD) share price is ₹439.25. It is down -16.17% from its 52 Week High price of ₹524

REC Ltd(RECLTD) share price is ₹439.25. It is up 266.04% from its 52 Week Low price of ₹120

REC Ltd(RECLTDReturns
1 Day Returns
-9.2%
1 Month Returns
-2.06%
3 Month Returns
-0.26%
1 Year Returns
261.97%