INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on REC Ltd
with a target price of Rs 160
The current market price of REC Ltd
Time period given by the analyst is Intra Day when REC Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 149
REC Ltd., incorporated in 1969, is a largecap company with a market cap of Rs 30571.73 crore.
REC Ltd
key Products/Revenue Segments include Interest which contributed Rs 22035.57 Crore to Sales Value (98.55 % of Total Sales), Income From
Financial Services which contributed Rs 309.31 Crore to Sales Value (1.38 % of Total Sales) and Income From Sale Of Share Securities which
contributed Rs 13.39 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 6623.95 Crore, down -9.09 % from last quarter Sales of
Rs 7286.17 Crore and up 21.09 % from last year same quarter Sales of Rs 5470.08 Crore Company has reported net profit after tax of Rs
1274.56 Crore in latest quarter
Agarwal, Mr.Sanjeev Kumar Gupta, Mr.T T Ram Mohan, Mrs.Asha Swarup
Company has G S Mathur Co
as its auditoRs As on 31-12-2018, the company has a total of 1,974,918,000 shares outstanding.
