CLSA terms REC ‘high conviction outperform’

March 4, 2025

The brokerage, however, reduced the target price to ₹525 from ₹590 as REC is expected to see mid-teen growth instead of the 20% forecast earlier. The revised target price offers 39% upside potential from Monday’s closing price of ₹378.

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Hiren Ved suggests that geopolitical tensions are hindering market breakouts despite strong monetary stimulus from the RBI. The Nifty’s range-bound movement reflects these opposing forces,

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