New Delhi, June 9 -- Current price: Rs.414

Target price: Rs.520 (12 months)

Stop-loss: Rs.360

Why it's recommended:Rural Electrification Corp. Ltd (REC Ltd), a leading 'Maharatna' company, is registered as a non-banking financial company (NBFC), public financial institution (PFI), and infrastructure financing company (IFC).

REC provides financing across the power infrastructure spectrum-including generation, transmission, distribution, and renewables-as well as for emerging technologies such as electric vehicles, battery and pump storage, green hydrogen, and green ammonia projects.

The company has also diversified into non-power infrastructure sectors, including roads and expressways, metro rail, airports, IT and communications, soci...