RECLTD

Stock Spotlight: REC Ltd (RECLTD) | Monday Watch With Nifty recovering strongly last week (+1.10%), PSU power financiers are back in the spotlight! REC Limited — India's power sector lending giant — is one to watch this Monday. After a sharp correction over the past year, the stock trades at an attractive PE of just ~5.4x, while analysts maintain a healthy upside target. Morgan Stanley holds an Overweight rating, and the upcoming PFC-REC merger could be a big catalyst! - 3 sessions of gains recently - Dividend yield among the highest in the sector - Analysts' avg. 1-year target implies significant upside Power sector spending in India is only going up — and REC sits right at the centre of it! Could momentum continue into Monday?