05-07-2025
REC Limited (RECLTD) Gets a Buy from Macquarie
In a report released on July 3, Suresh Ganapathy from Macquarie maintained a Buy rating on REC Limited, with a price target of INR555.00. The company's shares closed yesterday at INR393.65.
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According to TipRanks, Ganapathy is a 2-star analyst with an average return of 2.5% and a 50.00% success rate. Ganapathy covers the Financial sector, focusing on stocks such as Shriram Finance Limited, Bajaj Finance Limited, and Bank of Baroda.
In a report released on July 2, Bernstein also maintained a Buy rating on the stock with a INR505.00 price target.
Based on REC Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR68.45 billion and a net profit of INR43.1 billion. In comparison, last year the company earned a revenue of INR116.42 billion and had a net profit of INR40.79 billion
