How do you see the REC stock after its latest Jun-20 quarter results?

REC posted 22.28% growth in net profit at Rs.1845 crore for the Jun-20 quarter. Total revenues were higher by over 25% at Rs.8448 crore. Pandemic had limited impact on REC. The company benefited from Rs.30,000 crore of liquidity injection into discoms, helping it build its loan book. However, the uncertainty over the stock in terms of recoveries could be an overhang so it is best to be cautious on the stock.