REC Limited is also known as Rural Electrification Corporation Limited. REC Limited is India’s Leading Public Infrastructure Non-Banking Financial Company. Rural Electrification Corporation Limited (REC) Is listed in Both NSE and BSE. In this article, we will know about REC Share Price Target for 2024, 2025, to 2030. Rural Electrification Corporation price prediction will be based on past performance and fundamental analysis. The Current Market Price of Rural Electrification Corporation is ₹507.05 as of 07-05-2024. REC Limited was listed on the National Stock Exchange and Bombay Stock Exchange on March 8, 2010.
REC Limited is an excellent public sector stock that has given very good returns in the past few years. We have seen an uptrend in REC Limited in the last few years. REC Limited has given returns of 419.32% in the previous 5 years. and in the last 1 year, the company has given returns of 307.04%. The Rural Electrification Corporation Limited stock price increased from ₹106.35 to ₹515.50 in the previous 5 years. The 52-week High of REC Limited Stock is ₹567.15 and the 52-week Low is ₹127.40 as of 07 May 2024.
Rural Electrification Corporation Limited (REC) Overview
Rural Electrification Corporation Limited (REC) was established in 1969. REC Limited finances power generation, transmission, and distribution projects in rural areas of India. REC offers a range of financing products, including term loans, bridge loans, and consortium lending. They also offer Financing for renewable energy projects. REC Limited also offers advisory and Consultancy Services for Power sector projects. On March 28, 2019, Power Finance Corporation Limited (PFC) became the largest Stakeholder in REC Limited by acquiring a 52.63% stake of Rs.14,500 crore. Vivek Kumar Dewagan is the CMD of Rural Electrification Corporation Limited (REC).
REC Share Price Target 2024
| Month | Target Price |
| REC Target For May 2024 | ₹525.50 |
| REC Target For June 2024 | ₹552.30 |
| REC Target For July 2024 | ₹576.25 |
| REC Target For August 2024 | ₹612.35 |
| REC Target For September 2024 | ₹630.45 |
| REC Target For October 2024 | ₹669.10 |
| REC Target For November 2024 | ₹697.09 |
| REC Target For December 2024 | ₹716.10 |
Also Read: PFC Share Price Target
REC Share Price Target 2025
| Month | Target Price |
| REC Target For January 2025 | ₹730.90 |
| REC Target For February 2025 | ₹757.02 |
| REC Target For March 2025 | ₹768.10 |
| REC Target For April 2025 | ₹750.20 |
| REC Target For May 2025 | ₹780.65 |
| REC Target For June 2025 | ₹795.95 |
| REC Target For July 2025 | ₹826.60 |
| REC Target For August 2025 | ₹840.25 |
| REC Target For September 2025 | ₹865.30 |
| REC Target For October 2025 | ₹897.55 |
| REC Target For November 2025 | ₹917.65 |
| REC Target For December 2025 | ₹920.40 |
REC Share Price Target 2026
| Month | Target Price |
| REC Target For January 2026 | ₹940.30 |
| REC Target For February 2026 | ₹968.08 |
| REC Target For March 2026 | ₹980.10 |
| REC Target For April 2026 | ₹1007.80 |
| REC Target For May 2026 | ₹1028.85 |
| REC Target For June 2026 | ₹1050.90 |
| REC Target For July 2026 | ₹1084.70 |
| REC Target For August 2026 | ₹1115.55 |
| REC Target For September 2026 | ₹1135.65 |
| REC Target For October 2026 | ₹1170.75 |
| REC Target For November 2026 | ₹1190.30 |
| REC Target For December 2026 | ₹1220.45 |
Also Read: IRCON intenational Share Price Target
REC Share Price Target 2027
| Month | Target Price |
| REC Target For January 2027 | ₹1235.20 |
| REC Target For February 2027 | ₹1260.08 |
| REC Target For March 2027 | ₹1285.25 |
| REC Target For April 2027 | ₹1310.30 |
| REC Target For May 2027 | ₹1340.15 |
| REC Target For June 2027 | ₹1303.40 |
| REC Target For July 2027 | ₹1350.80 |
| REC Target For August 2027 | ₹1387.09 |
| REC Target For September 2027 | ₹1410.45 |
| REC Target For October 2027 | ₹1430.05 |
| REC Target For November 2027 | ₹1445.10 |
| REC Target For December 2027 | ₹1470.55 |
Also Read: IREDA Share Price Target
REC Share Price Target 2028
| Month | Target Price |
| REC Target For January 2028 | ₹1496.20 |
| REC Target For February 2028 | ₹1515.25 |
| REC Target For March 2028 | ₹1535.45 |
| REC Target For April 2028 | ₹1550.35 |
| REC Target For May 2028 | ₹1570.40 |
| REC Target For June 2028 | ₹1587.20 |
| REC Target For July 2028 | ₹1599.50 |
| REC Target For August 2028 | ₹1619.80 |
| REC Target For September 2028 | ₹1630.30 |
| REC Target For October 2028 | ₹1643.95 |
| REC Target For November 2028 | ₹1655.03 |
| REC Target For December 2028 | ₹1670.20 |
REC Share Price Target 2029
| Month | Target Price |
| REC Target For January 2029 | ₹1683.40 |
| REC Target For February 2029 | ₹1695.50 |
| REC Target For March 2029 | ₹1710.25 |
| REC Target For April 2029 | ₹1725.35 |
| REC Target For May 2029 | ₹1736.30 |
| REC Target For June 2029 | ₹1749.09 |
| REC Target For July 2029 | ₹1720.45 |
| REC Target For August 2029 | ₹1705.65 |
| REC Target For September 2029 | ₹1693.55 |
| REC Target For October 2029 | ₹1720.00 |
| REC Target For November 2029 | ₹1734.70 |
| REC Target For December 2029 | ₹1747.80 |
Also Read: BEL Share Price Target
REC Share Price Target 2030
| Month | Target Price |
| REC Target For January 2030 | ₹1785.90 |
| REC Target For February 2030 | ₹1800.09 |
| REC Target For March 2030 | ₹1810.25 |
| REC Target For April 2030 | ₹1820.30 |
| REC Target For May 2030 | ₹1835.70 |
| REC Target For June 2030 | ₹1850.23 |
| REC Target For July 2030 | ₹1865.35 |
| REC Target For August 2030 | ₹1878.40 |
| REC Target For September 2030 | ₹1897.35 |
| REC Target For October 2030 | ₹1915.70 |
| REC Target For November 2030 | ₹1925.65 |
| REC Target For December 2030 | ₹1942.85 |
REC Limited Financials 2023
| Particulars | Year (2023) |
| Revenue | ₹39,520(Cr) |
| Expenses | ₹25,622(Cr) |
| EBITA | ₹37,655(Cr) |
| Profit Before Tax | ₹13,897(Cr) |
| Net Profit | ₹11,166(Cr) |
REC Limited Fundamentals
| Particulars | Figures |
| Market Cap | ₹1,45,920(Cr) |
| P/E Ratio | 10.32 |
| Debt to Equity | 6.42 |
| ROE | 20.40% |
| Book Value | 263.37 |
| Face Value | 10 |
REC Limited Shareholding Pattern
| Particulars | Shareholding pattern |
| Promoters | 55.99% |
| Foreign Institutions (FII) | 19.92% |
| Retail Investor | 12.01% |
| Mutual Funds | 9.49% |
| Domestic Institutions (DII) | 5.96% |
Key factors to consider before investing in Rural Electrification Corporation Limited
- Before investing in Rural Electrification Corporation Limited (REC) Stock, analyze its financial performance, revenue growth, debt levels, cash flow, and net profit. The revenue and profit of Rural Electrification Corporation Limited (REC) have been consistently increasing over the past few years.
- Consider the government’s regulatory decisions before investing in Rural Electrification Corporation Limited (REC).
- Rural Electrification Corporation Limited (REC) has competitors like Power Finance Corporation (PFC), Banks and Financial Institutions, Private Equity, and Infrastructure Funds, State Electricity Boards (SEBs), Renewable Energy Developers, and International Financial Institutions. it is also necessary to analyze the competitors.
- Power Finance Corporation is the largest stakeholder in REC and Power Finance Corporation is owned by the Indian government so it is important to keep an eye on the shareholding pattern.
- Must consider the fundamentals of Rural Electrification Corporation Limited (REC), such as the price-to-earnings ratio (P/E), market valuation, price-to-book (P/B) ratio, and other relevant metrics.
- Before investing in Rural Electrification Corporation Limited (REC), understand your risk and invest with proper risk management.
Conclusion
Rural Electrification Corporation Limited (REC) can be a good option for investment and REC stock has shown good growth in the last few years and the financial performance of the company is also improving. REC Limited is a government organization, which further increases the confidence of investors in it.
The target price of REC given above is only a guidance. We do not give any kind of buy or sell advice. The target prices of the given REC Stocks are subject to change at any time depending on the market conditions. However, TrendFriend advises you to consult your experts for any investment In REC Stock.
FAQ’S
What is the target price of REC In 2024?
REC share price target is between ₹525.50 to ₹716.10 in 2024.
What is the target price of REC In 2025?
REC share price target is between ₹730.90 to ₹₹920.40 in 2025.
What is the target price of REC In 2026?
REC share price target is between ₹940.30 to ₹1220.45 in 2026.
What is the target price of REC In 2027?
REC share price target is between ₹1235.20 to ₹1470.55 in 2027.
What is the target price of REC In 2028?
REC share price target is between ₹1496.20 to ₹1670.20 in 2028.
What is the target price of REC In 2029?
REC share price target is between ₹1683.40 to ₹1747.80 in 2029.
What is the target price of REC In 2030?
REC share price target is between ₹1785.90 to ₹1942.85 in 2030.
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I am Shivam, a trader, analyst, and passionate blogger with 2 years of experience in the financial markets. Specializing in market analysis and trading strategies, I provide valuable insights aimed at helping both new and experienced traders make informed decisions. Through my blog, I share my knowledge of financial trends, helping readers understand market movements and seize opportunities with confidence. Join me on this journey to enhance your trading skills and achieve your financial goals.