REC shares up 1.6% as Nifty gains
REC Ltd. rose 1.6 per cent to Rs 628.5 in Thursday's trade. It hit an intraday high of Rs 636.15 and low of Rs 626.0, respectively, during the day.
The stock quoted a 52-week high price of Rs 653.9 and low of Rs 230.6.
As of 10:10AM (IST), the counter saw total traded volume of 388,485 shares with a traded value of Rs 24.55 crore, according to NSE.
The stock had closed at Rs 618.6 in the previous session.
The scrip has advanced 0.47 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.52 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 11.3 while price-to-book ratio stood at 1.73. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Term Lending — Power industry.
Promoter/FII Holding Promoters held 52.63 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 20.43 per cent and 9.11 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 13092.44 crore for the quarter ended 30-Jun-2024, up 3.04 per cent from the previous quarter's Rs 12706.66 crore and up 18.04 per cent from the year-ago quarter's Rs 11091.77 crore. Its net profit for the latest quarter
