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1 Comment
REC Limited is currently in a long term uptrend where the price is trading 9.5% above its 200 day moving average.
From a valuation standpoint, the stock is 93.7% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.2.
REC Limited's total revenue sank by 52.2% to $36B since the same quarter in the previous year.
Its net income has increased by 35.5% to $23B since the same quarter in the previous year.
Finally, its free cash flow fell by 13.0% to $-68B since the same quarter in the previous year.
Based on the above factors, REC Limited gets an overall score of 3/5.
ISIN | INE020B01018 |
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Sector | Financial Services |
Industry | Credit Services |
Exchange | NSE |
CurrencyCode | INR |
PE Ratio | 6.47 |
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Market Cap | 1T |
Target Price | 557 |
Dividend Yield | 4.0% |
Beta | 0.46 |
REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; provides project implementation and consultancy services in power sector; and operates National Feeder Monitoring System, a cloud-based IT and analytical platform, designed to monitor the reliability and quality of power. It serves central/state government power utilities, as well as private sector power utilities. REC Limited was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. The company was incorporated in 1969 and is based in Gurugram, India. REC Limited operates as a subsidiary of Power Finance Corporation Limited.
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