Share price of REC jumps as Sensex drops 69.4 points
REC Ltd. gained 0.84 per cent to Rs 552.1 at 10:29AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 555.35 and low of Rs 545.85 so far during the session. The stock had closed at Rs 547.45 in the previous session.
The counter has had a total traded volume of 109189 shares so far with a value of Rs 6.03 crore on the NSE. It traded at a price-to-earnings multiple of 9.93 and a price-to-book ratio of 1.73.
A higher price-to-earnings 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 gained 87.66 per cent during the past one year, while the 30-share index advanced 23.89 per cent during the same period.
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