Buy REC, target price Rs 600: ICICI Securities
buy call on REC with a target price of Rs 600. The current market price of REC is Rs 485.2.
REC, incorporated in 1969, is a Large Cap company with a market cap of Rs 127211.05 core, operating in Term Lending Institutions sector.
REC's key products/revenue segments include Interest, Income From Sale Of Share & Securities, Fees & Commission Income and Dividend for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 13706.31 crore, up 4.69% from last quarter Total Income of Rs 13092.44 crore and up 17.14% from last year same quarter Total Income of Rs 11701.26 crore. The company has reported net profit after tax of Rs 4037.72 crore in the latest quarter.
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