Buy Rural Electrification Corporation, target Rs 122: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Rural Electrification Corporation Ltd. with a target price of Rs 122.0 . The current market price of Rural Electrification Corporation Ltd. is Rs 115.6 Time period given by the analyst is Intra Day when Rural Electrification Corporation Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 115. Rural Electrification Corporation Ltd., incorporated in 1969, is a largecap company with a market cap of Rs 22830.05 crore.

Rural Electrification Corporation Ltd. key Products/Revenue Segments include Interest which contributed Rs 22935.61 Crore to Sales Value (98.22 % of Total Sales), Income From Financial Services which contributed Rs 219.79 Crore to Sales Value (0.94 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 195.39 Crore to Sales Value (0.83 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 5444.59 Crore, down -.47 % from last quarter Sales of Rs 5470.08 Crore and down -4.77 % from last year same quarter Sales of Rs 5717.39 Crore Company has reported net profit after tax of Rs 834.79 Crore in latest quarter. The company’s top management includes Dr.Arun Kumar Verma, Dr.Bhagwat Kishanrao Karad, Dr.P V Ramesh, Mr.Aravamudan Krishna Kumar, Mr.Sanjeev Kumar Gupta, Mrs.Asha Swarup, Prof.T T Ram Mohan. Company has Raj Har Gopal & Co. as its auditoRs As on 30-06-2018, the company has a total of 1,974,918,000 shares outstanding.