🔴 REC is trading 4% down today after CLSA cut target price to INR 420

REC is trading 4.01% down now at INR 352.30 after CLSA cut its target price to INR 420 from INR 450 while retaining an Outperform rating.

• CLSA cited Q1 FY27 loan growth slowing to 1%, moderating core margins and a sharp foreign-exchange loss.
• The decline appears company-specific rather than market-driven.
• Major U.S. indices were broadly flat on August 10, 2026.