REC shares dip over 4% as Q4 net profit slips 22% to Rs 3,375 crore: Why Motilal Oswal still remains bullish

Shares of Rural Electrification Corporation (REC) slipped over 4% after reporting a 22% YoY fall in Q4 net profit to Rs 3,375 crore. Despite weak disbursements and modest loan growth, brokerage Motilal Oswal maintained its ‘Buy’ call, citing attractive valuations and stable spreads.

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