Page 37 - Rec News Today

For the coming week, one can use a pullback on the Nifty to sell weekly Call options for a strike of 23,050, as it will not be easy for the index to break above 23,000 unless strong momentum is witnessed across the sector, says Ashish Kyal.

Anil Gupta of ICRA discusses the implications of RBIs proposal for tighter project finance rules, focusing on provision requirements for projects seeking DCCO extension. The impact on lender balance sheets, credit flow, and specific sectors like REC and PFC is examined.

CLSA believes higher provisions will only impact PFCs and RECs impairment reserves and wont drag down their profits

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The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, the company stated.

According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat.

REC Q4 Results Live : Revenue increased by 22.06% YoY & profit increased by 33.07% YoY

This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.

It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

In Fridays trading session, the following five stocks witnessed a build of fresh long positions.