{"id":110848,"date":"2023-09-27T18:00:00","date_gmt":"2023-09-27T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110848"},"modified":"2023-09-27T16:57:43","modified_gmt":"2023-09-27T11:27:43","slug":"multibagger-nbfc-stock-jumps-6-after-it-signs-an-mou-with-punjab-national-bank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-nbfc-stock-jumps-6-after-it-signs-an-mou-with-punjab-national-bank\/","title":{"rendered":"Multibagger NBFC stock jumps 6% after it signs an MOU with Punjab National Bank\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-847268060\"><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>The shares of the multibagger government owned NBFC was up 6 percent after it signed a memorandum of understanding (MOU) with a large cap bank.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3613239931\"><!-- 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>At the day\u2019s closing the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RECLTD\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">REC Limited<\/a><\/strong> were trading green at Rs 283.60 up by 6 percent from its previous close price and the market capitalisation of the company is 74,875 Cr.\u00a0<\/p><p>As per the reports, REC Limited has signed a memorandum of understanding (MOU) with <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PNB\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab national bank<\/a><\/strong> to jointly explore the possibility to fund power sector and infrastructure &amp; logistics sector projects under the consortium arrangement. Both the company\u2019s will partner to co-finance loans amounting to Rs 55,000 Cr over the next three years.\u00a0<\/p><p>REC Limited has delivered a multibagger returns of 148 percent in six months and 196 percent in 1 year. A shareholders investment of 1 lakh in the company would be worth 2.96 lakh in 1 year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1354221948\"><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>The company\u2019s revenue has increased by only 0.53 percent from 39,269.05 Cr in FY22 to 39,478.26 Cr in FY23 accompanied by increasing profits of 10,035.69 Cr to 11,166.98 Cr.&nbsp;<\/p><p>The company has reported a return on equity (ROE) of 20.62 percent and a return on capital employed (ROCE) of 9.14 percent, though the company is able to generate good returns on its equity, it is only able to generate decent returns on its capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 52.63 percent stake, the Domestics Institutional Investors hold 12.06 percent and the Foreign Institutional Investors (FII) hold 21.90 percent.&nbsp;<\/p><p>REC Limited is a \u2018Maharatna\u2019 company under the administrative control of the ministry of power,GOI and is registered with RBI as a non-banking finance company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC provides long term loans and other financing products to State, Centre and Private Companies for creation of infrastructure assets in the country.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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 investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3943637707\"><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>The shares of the multibagger government owned NBFC was up 6 percent after it signed a memorandum of understanding (MOU) with a large cap bank.&nbsp; At the day\u2019s closing the shares of REC Limited were trading green at Rs 283.60 up by 6 percent from its previous close price and the market capitalisation of the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"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":[8526,12546,948,936,10291],"class_list":["post-110848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rec-latest-news","tag-rec-mou-with-pnb","tag-stock-market","tag-stock-market-news","tag-why-is-rec-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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