Buy REC, target price Rs 145: Kunal Bothra

Kunal Bothra has buy call on REC Ltd. with a target price of Rs 145.0 . The current market price of REC Ltd. is Rs 138.3 Kunal Bothra recommended to keep stoploss at Rs 133
REC Ltd., incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 26918.13 Crore) operating in Term Lending Institutions sector.

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 30-06-2019, the company has reported a Consolidated sales of Rs 6975.42 Crore, up 6.44 % from last quarter Sales of Rs 6553.37 Crore and up 21.61 % from last year same quarter Sales of Rs 5736.01 Crore Company has reported net profit after tax of Rs 1502.65 Crore in latest quarter. The company’s top management includes Dr.Bhagwat Kishanrao Karad, Mr.A Krishna Kumar, Mr.Ajeet Kumar Agarwal, Mr.Mritunjay Kumar Narayan, Mr.Praveen Kumar Singh, Mr.Sanjeev Kumar Gupta, Mrs.Asha Swarup, Prof.T T Ram Mohan. Company has S K Mittal & Co. as its auditoRs As on 30-09-2019, the company has a total of 1,974,918,000 shares outstanding.