REC shares drop 4.81% as Sensex rises
REC Ltd. traded 4.81 per cent down at Rs 519.4 at 01:59PM (IST) on Thursday, even as BSE benchmark Sensex gained 226.29 points to 83174.52. The scrip had closed at Rs 545.65 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 653.9 and Rs 247.85, respectively.
As per BSE data, total traded volume on the counter till 01:59PM (IST) stood at 01:59PM shares with turnover at Rs 25.96 crore.
At the current price, the stock trades at 9.35 times its trailing 12-month earnings per share of Rs 55.59 per share and 1.73 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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