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REC Shares Plummet to 52-Week Low Amidst Second Consecutive Monthly Decline
- •Shares of state-run power financier REC Ltd. dropped nearly 4% to a fresh 52-week low on Tuesday, September 29, marking a second consecutive day of losses.
- •REC is set for its second straight monthly fall, having declined in 13 of 20 trading sessions in September and five out of nine months in 2026.
- •Despite the stock's performance, 10 out of 14 analysts recommend "buy" ratings, with target prices suggesting significant upside potential.
- •Earlier this month, REC successfully completed India's first pilot issue of tokenized corporate bonds under SEBI's Regulatory Sandbox Framework, raising –500 crore.
- •REC reported a 6% decline in net profit to –4,192.7 crore and a 4% drop in net interest income to –5,453 crore in its first-quarter earnings.
Key Questions Answered
REC Ltd. shares declined nearly 4% to hit a fresh 52-week low of ₹292.2 apiece on Tuesday, September 29, 2026, marking consecutive losses and heading for their second straight monthly fall. The stock experienced drops in 13 out of 20 trading sessions that month.
REC successfully raised around ₹500 crore through India's first pilot issue of tokenized corporate bonds under SEBI's Regulatory Sandbox Framework. The issue, which had a tenor of one year and nine months at a 7.3% coupon rate, was oversubscribed nearly 8 times after receiving bids totaling about ₹796 crore.
In its first quarter earnings reported in July 2026, REC's net profit declined 6% to ₹4,192.7 crore compared to ₹4,465 crore in the year-ago period. Additionally, its net interest income (NII) fell 4% down to ₹5,453 crore from ₹5,657 crore.
