Market

Share price of REC falls as Sensex drops 725.98 points


Share price of Ltd. dropped 2.4 per cent to Rs 152.6 at 01:47PM (IST) in Thursday’s trade. The stock hit a high of Rs 156.7 and low of Rs 152.0 so far during the session. The stock had closed at Rs 156.35 in the previous session.

The counter had a total traded volume of 01:47PM shares so far with a turnover of Rs 4.07 crore on BSE. The stock traded at a price-to-earnings multiple of 3.43 and a price-to-book ratio of 0.6.

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 is the measure of the price that investors are ready to pay even for no growth in the business.

REC Ltd. belongs to the Term Lending – Power industry.

Promotor/FII Holding

Promoters held 52.63 per cent stake in the company as of 30-Sep-2021, while overseas investors and domestic institutional investors ownership stood at 26.82 per cent and 9.48 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 9639.98 crore for the quarter ended 30-Jun-2021, up 4.6 per cent from the previous quarter’s Rs 9215.76 crore and up 14.11 per cent from the year-ago quarter’s Rs 8448.08 crore.

Its profit for the latest quarter stood at Rs 2268.16 crore, up 22.92 per cent from the same quarter a year ago.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.