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REC shares fall 5% after at least two analyst downgrades on weak Q4 results
DAM Capital has cut its rating on REC to 'Neutral' and revised its price target to ₹400. Phillip Securities has also downgraded the stock to 'Neutral', lowering its target to ₹420 from ₹440.
REC shares dip over 4% as Q4 net profit slips 22% to Rs 3,375 crore: Why Motilal Oswal still remains bullish
Shares of Rural Electrification Corporation (REC) slipped over 4% after reporting a 22% YoY fall in Q4 net profit to Rs 3,375 crore. Despite weak disbursements and modest loan growth, brokerage Motilal Oswal maintained its ‘Buy’ call, citing attractive valuations and stable spreads.
Stocks to Watch for April 29: CEAT, REC, Bandhan Bank, Star Health, BHEL & more
Bandhan Bank, REC, CEAT, Star Health and others post mixed Q4 results, with strong profits for some and pressure on margins and growth for others. Here are few stocks to keep an eye on ahead of Wednesday's trading session.
Q4 Results Highlights: CEAT profit jumps 144%; Go Digit General Insurance profit up 29%
Q4 Results LIVE Updates: It is an important day today with regards to results, as India's largest passenger car manufacturer, Maruti Suzuki India Ltd., and food delivery-to-quick commerce operator Eternal, will be reporting results today. Besides these, there are plenty of broader market names, such as Bandhan Bank, Sapphire Foods, Castrol India, CEAT, Star Health, Piramal Pharma, REC, Motherson Sumi Wiring, Sanofi India, Sanofi Consumer Health, Leela Palace Hotels and many others will be reporting their results today. Watch this space for all the LIVE updates.
REC profit drops sharply in Q4, but company still announces dividend
Rural Electrification Corporation Q4 profit falls 20.6%, NII declines, board recommends final dividend. Shares of Rural Electrification Corporation (REC) ended lower on Tuesday, April 28, by 1.14% at ₹373.75 on the NSE.
Utilities rally looks stretched, says Bernstein; NTPC, REC still offer selective value
Bernstein’s Nikhil Nigania sees limited upside in utilities, prefers NTPC on dips, REC for value, and favours integrated players like Tata Power in renewables.
REC, PFC shares jump to 52-week high, set for best month in years
14 analysts have coverage on REC, of which 13 have a "buy" recommendation on the stock, while 15 analysts cover PFC and all of them have a "buy" rating on the stock.
Here's why the latest RBI norms are negative for REC, PFC, IRFC and HUDCO
NBFCs with assets of ₹1 lakh crore and above would qualify for the upper layer under the new rules.
RBI move may push govt NBFCs into Upper-Layer NBFC category
The Reserve Bank of India is proposing new rules for classifying large financial companies. State-owned firms like Power Finance Corp and REC may now be considered Upper-Layer NBFCs. This change aims for clearer regulations based on asset size. The RBI's proposal could bring more entities under stricter oversight.
Rajiv Ranjan Jha appointed as nominee director of PFC on REC board
Power Finance Corporation welcomes Rajiv Ranjan Jha as its newly appointed nominee director on the board of REC, effective April 6, 2026. With a rich history at PFC since March 1997, Jha is currently the Director of Projects.
Govt explores options to retain 51% stake in merged PFC-REC entity
The government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation after its merger with REC. This move aims to ensure the combined entity remains a government-owned NBFC. The merged company will be the largest government-owned NBFC, enhancing its capacity for large projects and competition.
Five Stocks To Buy: Jio Financial Services, REC, PB Fintech, Finolex Cables And Eternal
Top picks include financial services player Jio Financial Services, state-run power financier REC, fintech major PB Fintech (Policybazaar), along with Finolex Cables and Eternal.