REC shares 1.23% as Nifty falls


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Shares of REC Ltd. rose 1.23 per cent to Rs 525.95 in Thursday’s trade. It hit an intraday high of Rs 535.15 and low of Rs 524.50, respectively, during the day.

The stock quoted a 52-week high price of Rs 653.90 and low of Rs 302.15.

As of 12:08PM (IST), the counter saw total traded volume of 93,542 shares with a traded value of Rs 4.95 crore, according to NSE.

The stock had closed at Rs 532.50 in the previous session.

The scrip has 5.16 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -5.699999809265137 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 9.32 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-Sep-2024, while FII and MF ownership in the firm stood at 21.23 per cent and 8.94 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 13706.3100 crore for the quarter ended 30-Sep-2024, 4.69 per cent from the previous quarter’s Rs 13092.4400 crore and 17.14 per cent from the year-ago quarter’s Rs 11701.2600 crore. Its net for the latest quarter stood at Rs 4037.72 crore, 6.54 per cent from the same quarter a year ago.

Forrás: eredeti cikk

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