India's REC gains as loan sanctions, disbursements rise

REC

01/07/2024 11:04

** Share of REC Ltd  RECM.NS  settled nearly 5% higher at
551 rupees 
    ** Infrastructure finance company's loan sanctions grew 24%
year-on-year in the June-qtr, disbursements rose 28%  
    ** RECM top gainer on the Nifty Financial Services index
 .NIFTYFIN , which closed 0.9% up
    ** Stock up 33.5% YTD, outperforming the 10% rise in
NIFTYFIN

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))