REC eyes breakout above ₹410 amid momentum
REC is consolidating near ₹400 with no clear trend, as per analyst Vijay Kumar Gupta. A breakout above ₹410 could trigger upside. Morgan Stanley rated the stock 'Overweight' with a ₹485 target. Q1 earnings and smart meter deals in Gujarat may act as catalysts. Fundamentals remain strong with low NPAs, solid loan growth, and PSU backing in India's energy transition.