REC Ltd Share Price: Hello friends, one of the stocks running at rocket speed in the last few months is Rural Electrification Corporation Limited Company, which has given excellent returns. This article will tell you about the target price of this stock for the coming few years, so read this article until the end.
Friends, if you want to invest in Rural Electrification Corporation Ltd Company or are thinking about investing, let us tell you that this is a company that provides financial assistance to power sector companies and is one of the companies run by the Government of India. In the last few months, this company has made excellent returns and can also earn profits in the future. If you also want to invest in this company, read this article until the end.
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Regarding the profile of this company, Rural Electrification Corporation Limited is a public infrastructure finance company in India. It comes under the Ministry of Power and was established on 25 July 1969 and incorporated under the Companies Act, 1956. This company focuses on the development and financing of different areas of India.
| Company Name | Rural Electrification Corporation Ltd |
| Market Cap | Rs.145920 Cr |
| P/B Ratio | 10.32 |
| Face Value | 10 |
| 52W Hiqh | 567.20 |
| 52W Low | 127.40 |
| NSE Sine | RECL |
| CMP | ₹531.00 (06/05/2024) |
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2024 | 610 | 652 |
| 2025 | 700 | 748 |
| 2026 | 840 | 974 |
| 2027 | 1036 | 1104 |
| 2028 | 1235 | 1287 |
| 2029 | 1310 | 1400 |
| 2030 | 1425 | 1500 |
Let us tell you that in the last few years, this company’s share price has been around Rs 130, but recently, it has touched Rs 530. This company has provided a profit of about 400 times to all its investors, and it can give very good returns in the coming time. Some professional investors believe this company can reach a target price 652 by the end of 2024.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2024 | 610 | 652 |
Based on research by Motilal Oswal and many different companies, this stock is considered very good, and it is estimated that Rural Electrification Corporation Limited Company can give you very good returns. This is likely because this company has performed very well in the last few years. Some investors believe that by the end of the year 2025, the share price of the company can reach Rs.748
As you know, electricity consumption in India has been continuously increasing in the last few years. There are many reasons behind this, such as an increased population, improved living standards, and industrialization. To meet this increasing demand, companies in the power sector are constantly focusing on their production. By 2030, this company’s stock could be trading at around Rs 1500.
Should I invest in RECL company or not?
Should you invest in a RECL company or not? It is tough to say or invest in any company because it depends on your financial goals, risk tolerance and investment horizon. However, with the help of this article, we have provided you with some information about all the possibilities of investing or not investing in this company, with the help of which you can decide whether to invest in this company or not.
Financial performance of the company:
- The financial performance of this company has been solid in the last few years.
- We have seen continuous growth in this company for the last few years.
- This company is preparing a good strategy for the coming years so that it can make a good profit.
RECL Official Website – Click here.
FAQs-Rural Electrification Corporation Ltd
Some professional investors believe that this company can touch the target price of Rs 652 by the end of 2024
Because this company has performed very well in the last few years, some investors believe that its share price can reach Rs 748 by the end of 2025.
At present the market price of this company is around Rs 502
Companies in the power sector are constantly focusing on their production to meet the increasing electricity demand. By 2030, this company’s stock could be trading at around Rs 1500.
My name is Chirag Suthar, and I have been blogging for the last five years. Every day, I share the latest articles on my blog with all my users. On Groww Stock, I will provide you with all the information related to finance.
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