PSU Stock to buy for solid gains in 2-3 days: Motilal Oswal gives BUY call - Check target price

PSU Stock To Buy: Equity benchmark indices Sensex and Nifty hit their fresh lifetime high levels in early trade on Tuesday. While the 30-share BSE Sensex jumped 379.68 points to hit a record peak of 79,855.87, the Nifty climbed 94.4 points to hit a lifetime high of 24,236.35. Amid this rally in the market, brokerage firm Motilal Oswal has chosen state-run power finance company REC Limited as a technical pick. The brokerage has advised buying REC for 2-3 days.

REC Share Price Target: Good gains expected in 2-3 days

Brokerage firm Motilal Oswal has made REC a technical pick with a 2-3 day perspective. The firm has a fixed target for this stock at Rs 580. The stock closed at Rs 551 on July 1, 2024 and therefore it can jump 5-6 per cent from the current price.

REC Share Price History

Shares of REC have given good returns in the last year. During this period, the stock has jumped by around 230 per cent. It has gained by 30 per cent in 6 months. So far this year, it has surged 28 per cent. 

The 52-week high of the stock on BSE is 607.65 and the low is 159.15. The market cap of the company is over Rs 1.43 lakh crore. 

Disclaimer: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.