India's REC gains on quarterly profit climb

Power Finance

07/02/2025 08:19

** Shares of REC  RECM.NS  climb 3% to 445.50 rupees after
Q3 results; last up 1.9%
    ** Power financier reports 23% Y/Y rise in net profit, rev
up about 16%
    ** CLSA says co is "well-placed" to deliver loan growth of
17% in FY25
    ** Avg rating on REC and peer Power Finance Corp  PWFC.NS 
equivalent of 'strong buy' - LSEG data
    ** Stock gained 21.3% in 2024 vs PWFC's 17.2% climb

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))