RECLTD: Prime Beneficiary of PM Modi's 'Saubhagya' Scheme

............All Spot & Future Levels are mentioned on Chart.
RECLTD providing the last mile connectivity. A nodal agency for the government electrification programme. Provides funding for such projects, can now hope for higher disbursements for both the generation and T&D space. While investors have an apprehension about quality of assets of REC considering the net NPA of close to 1.6 percent, what is interesting is that it makes close to 5 percent NIM and has received good visibility.

Best LONG @ 148 - @ 150 Zone.

More Accumulation: @ 139 - @ 142

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