Shares of Rural Electrification Corporation (REC) slipped over 4% after reporting a 22% YoY fall in Q4 net profit to Rs 3,375 crore. Despite weak disbursements and modest loan growth, brokerage Motilal Oswal maintained its ‘Buy’ call, citing attractive valuations and stable spreads.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets