India's REC rises on signing $13.37 bln renewable energy pacts
** Shares of REC Ltd RECM.NS rise as much as 3.4% to 563.3 rupees
** The infrastructure lender signed pacts worth about 1.12 trln rupees ($13.37 bln) with renewable energy developers
** Co targets expansion of renewables loan book to over 3 trillion rupees by 2030
** Stock set to snap three sessions of losses
** Avg rating of the 7 analysts is "buy" and median PT is 687.5 rupees, ~25% higher than current price - LSEG data
** Stock up 1.2%, extending YTD gains to 33.6%
($1 = 83.7670 Indian rupees)
Reporting by Anuran Sadhu in Bengaluru
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