RECLTD.NSE REC Ltd.
908
506.60
9.60
(1.86%)
| Watchers | 908 |
| 52-Wk Low | 127.40 |
| 52-Wk High | 567.15 |
| Market Cap | 1.36T |
| Volume | 34.61M |
| 52-Wk High | 567.15 |
| 52-Wk Low | 127.40 |
REC, PFC to see minimal impact from RBI draft norms, says CLSA; stocks make mild recoveryMoneycontrol • 1 day ago
CLSA believes higher provisions will only impact PFC's and REC's impairment reserves and won't drag down their profits
Share to Feed
Public-sector lenders will be disproportionally impacted if RBI's guidelines are implemented, since they have a higher exposure to infrastructure loans.
For the coming week, one can use a pullback on the Nifty to sell weekly Call options for a strike of 23,050, as it will not be easy for the index to break above 23,000 unless strong momentum is witnessed across the sector, says Ashish Kyal.
It is advisable to consider buying opportunities at the current market price, targeting potential upside levels ranging from 22,783 to 23,170 on the Nifty.
REC reported a net profit of Rs 14,019 crore for FY24 compared to Rs 11,166.98 crore in the year-ago period. The income also rose to Rs 47,571.23 crore in FY24 compared to Rs 39,520.16 crore a year earlier.
For the entire FY24, the company's net profit was Rs 14,019 crore, up from Rs 11,054.64 crore in FY23.
REC Board approves Rs 1.45 lakh-crore market borrowing programme for FY25 through domestic bonds/debentures
BHEL has seen a consolidation breakout and there was a gap up opening, though the volume was lower than average. The stock formed bullish candlestick pattern on the daily charts.
In the short term, the Nifty 50 may continue to be susceptible to selling pressure with resistance anticipated around 22,250. On the downside, support levels are positioned at 21,800 and 21,700.
HDFC Securities expects smallcaps to underperform Nifty in the short term.