Rec share price target 2025 to 2030

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Today we will be learning about Rec Ltd and Rec share price target 2025, 2026 to 2030.

Rec Ltd.

Rec Ltd. ( Rural Electrification Corporation Limited), is a government company. It was founded in the year 1969. It’s a PSU (Public sector undertaking) that provides financial loans to Rural electric cooperatives, State electricity boards, NGOs, Private power developers, etc.

REC Ltd. is listed both on the NSE as well as BSE. REC is also an equity partner in IEX(Indian Energy Exchange).

NSE symbol : RECLTD

BSE symbol : 532955

To learn more about REC LTD, pls click here.

Fundamental Analysis of Rec Share Price target

Rec Ltd. has a market cap of Rs73283 cr and has a price-to-equity ratio of 6.2.

The current book value of REC is 221 and the current market price is 278.

The ROCE & ROE of REC Ltd. are 9.1% and 20.2% respectively. The company has delivered a CAGR of 20% over the past decade.

Shareholding pattern

The promoter shareholding has remained constant over the last decade. The shareholding of FIIs has decreased from 26.7% in the year 2021 to 21.5% in the year 2023. This is a decrease of 19% over the last two years.

DIIs shareholding has decreased from 12.2% to 11.8% from the year 2021 to 2023.

The public shareholding has increased by 67.4% in the last two years. It was at 8.3% in the year 2021 and it is at 13.9% in the year 2023.

Profit & Loss

P&L	Mar-17	Mar-19	Mar-21	Mar-23
Sales (in cr)	24388	25408	35557	39486
Expenses (in cr)	1888	1702	3292	1858
Net Profit (in cr)	6313	5741	8378	11167

The sales of REC Ltd. have increased from Rs 35557 cr to Rs 39486 cr over the last two years, which is an increase of 11%.

The expenses of the company have reduced by over 44% during the same period, which is a healthy sign.

The net profit of Rec Ltd. has seen an increase of 33% in the last two years. It has increased from Rs 8378 cr in the year 2021 to Rs 11167 in the year 2023.

Rec has delivered a dividend yield of 4.5%.

Technical Analysis- Rec ltd share price target

Let’s analyze the REC share price target through the price action movement from a technical chart point of view.

During this analysis, we will be learning how to read technical charts.

Above is the weekly chart of Rec share price over the last 5 years. Various dates have been marked in the same. Let’s learn how to read the chart.

Rec share price reached a high of 127.15 in July 2019. The price did not sustain and it went down again from these levels. Rec share price again touched the same levels in the week dated 7th June’2021 but could not break out.

Rec share price again tried to break out from the previous high of 127.15 on 18th October’2021 but failed. The price moved to lower levels and remained there for more than one and a half years.

As you can see above, the stock broke out of the range on 29th May’23 at a price level of 144.25. This was a successful breakout and the Rec share price has been flying since this breakout. It has touched a new high of Rs 299.2 in the next five months.

So after a long period of consolidation and testing the patience of investors, it has zoomed to give more than 100% gains within five months.

So an investor needs to read charts carefully and be patient to achieve the desired results from the market.

Daily chart – Rec share price

Above is the daily price movement chart of Rec Ltd.

As you can see above, the REC share price gave a breakout on 7th May’23 at a level of 144.25 and went to the level of 168. After reaching this level, the stock went into consolidation, and break-out retesting, as depicted by the box in the above chart.

After the consolidation, the stock broke out of this range and made a high of 175.8 on that day. Since then, the stock has seen an upward trend and hasn’t looked back.

Also you can see above, the REC share price has respected the 20 EMA line as well and hasn’t gone below it.

So a short-term trader can identify such breakouts in shorter time frame charts and earn the profits by deploying the capital as per his capacity.

Rec share price target 2025,2026 to 2030

Rec share price target is Rs 530 by the year 2030.

The prices go down and up, so the movement may take some time but it will reach the levels.

Conclusion

The above blog post regarding REC share price target is only for educational purposes. It is not to be considered as a recommendation for buy/sell.

The investors/traders are advised to consult their financial advisors before making any decision.

Also, we are not SEBI-registered analysts.

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