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23 Oct 2016 | 12:10 AM
Research Report

Equity Research Report: Master Pick- REC Ltd.

REC provides financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects. The Company has reported healthy 23% increase in its net profit to Rs 2783.54 crore during H1 FY15. The steady loan book growth and improvement in margins and spread supported the earnings of the company.
30 Jan 2015 | 05:30 PM

After breakout from the inverted head & shoulder (bullish reversal) pattern in March, 2014, RECLTD had witnessed a sharp up move from 215 and formed a new 52 weeks high at 383.40 in just four months.

It has been witnessing a consolidation phase since then and formed a cup and handle pattern, which is bullish continuous in nature. And now, it’s on verge of upside breakout from the same. Traders are advised to accumulate between 325-CMP (333.10) with closing below stop loss of 308 for the target of 385 level.

Regenerate OTP
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