REC Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | REC Limited Fundamentals, Financial Trends, Businesses and more.
Are you just want to invest in REC share but little bit confused what its future prediction according to some experts it will grow or not and what will be the best year for REC share price target to achieve all are going to answer in this post.
I research alot accross various articles, news, books, and whole internet to summarize and make a breif in-dept research for you all related to REC Limited.
Now it’s time to dive in and start our article by know what is REC Limited?
What Is Rec Limited?
REC Limited, also known as Rural Electrification Corporation Limited, is a public sector enterprise in India that specializes in financing and promoting rural electrification projects.
| Rec Limited | Information |
|---|---|
| Parent Organisation | Rec Limited |
| Founded In | 1969 |
| Founder | Shri Vivek Dewangan |
| Market Cap | 32,467 Cr Rs |
| Profit | 10,306 Cr Rs |
The company was established on July 25, 1969, under the Companies Act, 1956, as a wholly-owned subsidiary of the Government of India’s Ministry of Power. REC Limited is headquartered in New Delhi, India.
Back Story Of REC Limited
In a country where access to electricity was a luxury for many rural households, a visionary idea was born.
With the aim of bringing light to the lives of millions, Rural Electrification Corporation Limited (REC Limited) was established on July 25, 1969, under the Companies Act, 1956, as a wholly-owned subsidiary of the Government of India’s Ministry of Power.
The backstory of REC Limited is rooted in the pressing need for rural electrification in India during the 1960s.
The lack of electricity in rural areas posed a significant challenge to the socio-economic development of these communities.
Recognizing this, the Government of India took a bold step and established REC Limited as a specialized institution to provide financial assistance for rural electrification projects.
The backstory of REC Limited is rooted in the pressing need for rural electrification in India during the 1960s.
The lack of electricity in rural areas posed a significant challenge to the socio-economic development of these communities.
Recognizing this, the Government of India took a bold step and established REC Limited as a specialized institution to provide financial assistance for rural electrification projects.
The journey of REC Limited began with a vision to empower rural India by making electricity accessible to every household.
The company’s main purpose was to provide financial help to state electricity boards, state governments, and others involved in electricity related projects in rural and semi-urban areas.
REC Limited’s mission was to fullfill the demand and supply of electricity in rural areas and also promote inclusive growth by improving the quality of life for rural communities.
Over the years, REC Limited has achieved several milestones.
The company has been recognized now for its contribution to rural electricity and has received numerous awards for its work.
REC Limited’s impact on rural communities can be seen as we can see the growth of education, healthcare, and livelihood opportunities, leading to good life.
REC Financial Trends
The financial trends of REC Limited is increasing in ascending order and also it will increase in future as we can see that the in the year 2021 8,378 Cr and in the year 2022 it is 10,036 Cr.
Also the profits are in ascending order and as we know if the company as both in good position it is a good sign for the future price.
| Year | Minimum Price In RS | Maximum Price In RS |
|---|---|---|
| REC Share Price Target 2023 | 337.95 | 339.5 |
| REC Share Price Target 2024 | 241.3 | 402.8 |
| REC Share Price Target 2025 | 402.8 | 429.1 |
| REC Share Price Target 2026 | 445 | 490 |
| REC Share Price Target 2027 | 496 | 520 |
| REC Share Price Target 2028 | 521 | 533 |
| REC Share Price Target 2029 | 537 | 550 |
| REC Share Price Target 2030 | 510 | 650 |
In the last 6 months the company shown a good growth for its stock holder as it has given 10% ROI which is a happy moment for every investor.
After seeing the company’s growth many new investors invested in this stock. Today time when I am writing this stock I can see the price is about 337.95Rs and it can become 339.5Rs in this year so if you are search for REC Share Price Target 2023 then at maximum it will be 339.5RS.
As per the report of companies financial market cap 32,467 Crore Rs we can conclude the company shown us good growth and can handle the loss if happens in the future. So the companies debt will be less so it will always be maximum in profit.
So the REC Share Price Target 2024 to predict will also be high and according o some experts it will be 241.3 RS in minimum and 402.8RS in maximum.
REC share price Target 2025 is going to be high and will cross all the expectations as it will give you more than you expect. Minimum price it will touch is 402.8 RS and 429.1 RS.
Now why the difference will cross that much high because it the company crosses it’s profit more and got ₹ 10,045.92 Cr in RS in 2022.
According to the share holding the promoters holding is 52.63% and it is huge as it increases the companies fundamentals.
In 2030 according to us the price can cross from 510 Rs to 650 Rs it can varry but yes it will be in this range only.
FAQ You May Ask Us
The prediction of the share price of REC Limited is 240RS minimum and 278RS maximum.
The prediction of the share price of REC Limited is 420RS minimum and 429.1RS maximum.
Is REC Limited a debt free company?
No, at present REC Limited has a debt of ₹ 358,930 crore.
Conclusion
It is here finnally we tried hard to predict the REC Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) according to all the reports we got.
Also we will give you suggestion before investing try reasearch as much possible as we can also be wrong at some time to predict the right price.
Also read:
- Hdil Share Price Target
- Yes Bank Share Price Target 2025
- Suzlon Share Price Target 2025
- Empower India Share Price Target
Also comment us Are you investing in this stock and if yes how much stocks you are going to buy today.
