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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains hold on Rural Electrification
REC's net profit growth of 8 per cent in Q2 was ahead of expectation. However, asset quality deteriorated due to fresh addition of Rs 510 crore to bad loans. Expect continued pressure on asset quality and loan growth, and assume a 20 per cent hit on restructured assets.