Rural Electrification Corporation Ltd: ₹189.00 at support level
On request
Hello padiyaraa,
Can you please evaluate Rural Electrification Corporation Ltd. (RECLTD') on basis on Fundamentals analysis. I had done the same last year and own some shares of same. Since i am sitting on a good profit, my concern is that my evaluation may be wrong this time. I would like to discuss our evaluation just like Jindal Poly. Thanks,
SK
Hello friend,
Rural Electrification Corporation Ltd: ₹189.00
Unlike the name advocate, RECL is in financing projects. Finances all type of Power Generation Projects based on Renewable Energy Sources eg: Solar PV, Solar Thermal, Wind, Biomass , Cogeneration, Small Hydro etc. RECL was acting as lead financier in 100 MW Malana-II Hydro Electric Project in H.P., the 1200 MW Teesta Phase-III Hydro Electric Project in Sikkim, the 270 MW phase-I and 270 MW Phase-II coal based thermal power project of Wardha Power Company Pvt. Ltd. in Maharashtra, the 1200 MW Anpara-C Thermal Power Project in Uttar Pradesh and the 1320' MW coal based thermal power project of Thermal Power Tech Corporation (I) Ltd. in Andhra Pradesh.
Potential for generating renewable energy is huge, there is growing realization in the government to harness all available Renewable energy sources, which is now transforming into reality with the increased, Government focus on renewables .Recent initiatives like Mandatory Renewable Purchase Obligations, Revised tariff guidelines, Generation based incentives, Introduction of Renewable Energy Certificates, Solar Mission etc by GOV' in promoting development of renewable energy will improve more opportunity to make power generation and more projects in future. So that is the preface.
RECL seems to be an undervalued stock if the numbers showing in the book is right (there are 4 different values from 4 finance site is a major Glitch). And it will also face all hurdle the GOV' & finance sector will have in common. Currently it looks like it is trading at 6 PE, compare to its peers like Bajaj Fin Ser etc is near 30 PE. The company annual report submitted to exchange is matching that. The standalone numbers are good and almost same as consolidated results. Latest results are poor. Still I believe that the stock is worth' around 500 with its ROE above 20 and EPS' 31.(The matrix is not to multiple with the highest Industrial PE available.)
Hello padiyaraa,
Can you please evaluate Rural Electrification Corporation Ltd. (RECLTD') on basis on Fundamentals analysis. I had done the same last year and own some shares of same. Since i am sitting on a good profit, my concern is that my evaluation may be wrong this time. I would like to discuss our evaluation just like Jindal Poly. Thanks,
SK
Hello friend,
Rural Electrification Corporation Ltd: ₹189.00
Unlike the name advocate, RECL is in financing projects. Finances all type of Power Generation Projects based on Renewable Energy Sources eg: Solar PV, Solar Thermal, Wind, Biomass , Cogeneration, Small Hydro etc. RECL was acting as lead financier in 100 MW Malana-II Hydro Electric Project in H.P., the 1200 MW Teesta Phase-III Hydro Electric Project in Sikkim, the 270 MW phase-I and 270 MW Phase-II coal based thermal power project of Wardha Power Company Pvt. Ltd. in Maharashtra, the 1200 MW Anpara-C Thermal Power Project in Uttar Pradesh and the 1320' MW coal based thermal power project of Thermal Power Tech Corporation (I) Ltd. in Andhra Pradesh.
Potential for generating renewable energy is huge, there is growing realization in the government to harness all available Renewable energy sources, which is now transforming into reality with the increased, Government focus on renewables .Recent initiatives like Mandatory Renewable Purchase Obligations, Revised tariff guidelines, Generation based incentives, Introduction of Renewable Energy Certificates, Solar Mission etc by GOV' in promoting development of renewable energy will improve more opportunity to make power generation and more projects in future. So that is the preface.
RECL seems to be an undervalued stock if the numbers showing in the book is right (there are 4 different values from 4 finance site is a major Glitch). And it will also face all hurdle the GOV' & finance sector will have in common. Currently it looks like it is trading at 6 PE, compare to its peers like Bajaj Fin Ser etc is near 30 PE. The company annual report submitted to exchange is matching that. The standalone numbers are good and almost same as consolidated results. Latest results are poor. Still I believe that the stock is worth' around 500 with its ROE above 20 and EPS' 31.(The matrix is not to multiple with the highest Industrial PE available.)
Comment:
@kiransi_me, True
Comment:
Supported at 166, and good recovery
Comment:
Now you can see, how it is marked the support.
Comment:
Hopefully it supported at 152
