Report
EUR 14.31 For Business Accounts Only

REC sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of REC (IN), a company active in the Investment Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 5, 2022, the closing price was INR 132.40 and its potential was estimated at INR 144.86.
Underlying
REC Limited

Rural Electrification is engaged in the financing and promotion of rural electrification projects in India. Co. provides financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects sponsored by them. Co. provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its corporate office located at New Delhi and 20 field units, which are located in most of the India. The project offices in the Indian states coordinate the programs of Co.'s financing, facilitating in the formulation of schemes, loan sanction and disbursement and implementation of schemes.

Provider
TheScreener
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