Share price of REC as Sensex drops 331.38 points
REC Ltd. 2.45 per cent to Rs 505.45 at 01:23PM (IST) in Tuesday's trade. The stock has hit a high of Rs 518.85 and low of Rs 499.60 so far during the session. The stock had closed at Rs 518.15 in the previous session.
The counter has had a total traded volume of 172882 shares so far with a value of Rs 8.80 crore on the NSE. It traded at a price-to-earnings multiple of 8.94 and a price-to-book ratio of 1.73.
A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip 66.35 per cent during the past one year, while the 30-share index advanced 22.81999969482422 per cent during the same period.
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