{"id":108535,"date":"2023-08-30T18:00:00","date_gmt":"2023-08-30T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108535"},"modified":"2023-08-30T17:56:11","modified_gmt":"2023-08-30T12:26:11","slug":"maharatna-stock-in-green-after-board-of-directors-approve-sale-of-subsidiary","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/maharatna-stock-in-green-after-board-of-directors-approve-sale-of-subsidiary\/","title":{"rendered":"Maharatna stock in green after board of directors approve sale of subsidiary"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2763146306\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This large cap stock reached its 52- week today during the trading session after the board approved sale and transfer of Beawar Transmission Limited.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3596973358\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The share prices of REC closed at Rs. 245.75 levels. The stock jumped 2% to reach its 52- week high of Rs. 249.25 per share. The stock gave a multibagger return of 113.78% in the last six months and a total of 127.51% in the last one year.&nbsp;<\/p><p>On 29 August 2023, the Board of Directors of the company held a meeting and approved the sale and transfer of the entire shareholding of Beawar Transmission Limited which was previously held by REC\u2019s fully owned subsidiary REC Power Development and Consultancy Limited. Beawar will be sold and transferred to Sterlite Grid 27 Limited during FY 2023-24.<\/p><p>With a market capitalization of Rs. 62,762 crore, the company earned a consolidated revenue of Rs. 11,087.56 crore in the June quarter which is an increase of 8.24% from Rs. 10,243.6 crore in Q4FY23. Its net profit for Q1FY24 is reduced by 10% to Rs. 2,968.05 crore from Rs. 3,065 crore in the last quarter. The company has maintained a good average Return of Equity for the last three years of 21.10<\/p><div class=\"trade-content_5\" id=\"trade-2300162649\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RECLTD\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">REC Limited<\/a><\/strong> is a Maharatna company incorporated in 1969. It is a public sector company which comes under the Ministry of Power. The company focuses on providing financial solutions related to private project developers, power sector utilities, state governments for electricity projects in rural areas, and others.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while inves<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1854101184\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This large cap stock reached its 52- week today during the trading session after the board approved sale and transfer of Beawar Transmission Limited. The share prices of REC closed at Rs. 245.75 levels. The stock jumped 2% to reach its 52- week high of Rs. 249.25 per share. The stock gave a multibagger return [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2839,2845,5865,10359,4964,10397,5758],"class_list":["post-108535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-best-multibagger-stocks","tag-indian-multibagger-stocks","tag-long-term-multibagger-stock","tag-long-term-multibaggers","tag-maharatna-stock","tag-maharatna-stock-target","tag-maharatna-stock-to-buy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maharatna stock in green after board of directors approve sale of subsidiary - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This large cap stock reached its 52- week today during the trading session after the board approved sale and transfer of Beawar Transmission Limited.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/maharatna-stock-in-green-after-board-of-directors-approve-sale-of-subsidiary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maharatna stock in green after board of directors approve sale of subsidiary\" \/>\n<meta property=\"og:description\" content=\"This large cap stock reached its 52- week today during the trading session after the board approved sale and transfer of Beawar Transmission Limited.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/maharatna-stock-in-green-after-board-of-directors-approve-sale-of-subsidiary\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-30T12:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/Board-meeting-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/Board-meeting-1.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/maharatna-stock-in-green-after-board-of-directors-approve-sale-of-subsidiary\/\",\"url\":\"https:\/\/tradebrains.in\/features\/maharatna-stock-in-green-after-board-of-directors-approve-sale-of-subsidiary\/\",\"name\":\"Maharatna stock in green after board of directors approve sale of subsidiary - 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