REC Ltd. Looking Good For a Long Term Investment.
REC Limited is a Maharatna PSU under the Ministry of Power. Company business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution. CMP- 117.10. Negatives aspect of the company is FIIs and MFs decreasing stake. Positives aspect of the company are zero promoter pledge, improving annual net profit and improving quarterly net profit. Entry in the stock can be taken after closing above 118 levels. The targets will be 120, 123 and 126. Long term target in the stock will be 128+. The stock is a long term investment idea. With a dividend yield of 10.1 at current market price. Stop loss should be maintained at Monthly closing below 104.
Happy Candles Investment
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