India's REC jumps after maintaining fiscal year loan growth guidance

REC

29/10/2025 09:43

** Shares of state-owned power financier REC RECM.NS rise as much as 4.55% to 385.75 rupees apiece

** Stock is second biggest percentage gainer in Nifty PSE index .NIFTYPSE, which is up 1.6%

** RECM maintains its loan growth guidance for fiscal year 2026 at 11%-12%, despite just 7% growth in the September quarter

** RECM reported fiscal 2025 loan growth at 11%

** In an analyst meet on Wednesday, RECM management says the outlook for power sector remains very strong and expects second half of FY2026 to outperform the first half

** Targets 10 trillion rupees loan book by 2030

** RECM shares are down 26.3% YTD, lagging the 5.4% rise in NIFTYPSE, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))