Investing in REC
REC mainly focuses on financing Rural Electrification Projects and assists State Electricity Boards for the same. Mission from the official website and I quote
- To facilitate availability of electricity for accelerated growth and for enrichment of quality of life of rural and semi-urban population.
- To act as a competitive, client-friendly and development-oriented organisation for financing and promoting projects covering power generation, power conservation, power transmission and power distribution network in the country.
Key Highlights
- It’s 80+ per cent government-owned.
- 90 per cent of its lending goes to PSUs or government departments.
- Implements Rajiv Gandhi Gramin Vidyut Yojna (RGGVY)
- A hybrid stock which has presence in 3 sectors Power, Capital Goods and Finance.
- It is one of the few stocks which is at 52 weeks high.
- Indiaearnings boardroom at current value of 190 Rs we have EPS of 17.32 and P/E 11.25.
Definitely a must stock in your long term portfolio..
“Happy Independence and Enjoy and the independence day“.
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Dear Shabbir,
I am regularly reading your mail,comments. I need your comments on the following.
1. For a long term investor, when is the time to book profit. If the stocks he holds has appreciated varying between 80% to 400%, what should be his action plan.
2. When should you reddem your ELSS funds?
I will be happy to receive guidance in this matter.
Thanks
yours
BK Singh
1. Depends and varies from stock to stock and what is the time frame for such appreciation. If you are holding the stock for 5 years for a 400% gain you can hold partially but if you gain that in a years time you should book profit.
2. ELSS funds should be taken out when its time to take out. i.e. when you are out of the locking period and making decent gains.