REC shares down 1.04% as Nifty gains

NEW DELHI: Shares of Ltd. traded 1.04 per cent down in Wednesday's trade at 01:10PM (IST). Around 65,133 shares changed hands on the counter.

The scrip opened at Rs 144.45 and touched an intraday high and low of Rs 144.85 and Rs 142.8, respectively, in the session so far. The stock of REC Ltd. quoted a 52-week high of Rs 167.75 and a 52-week low of Rs 91.9.

Total market cap of the REC Ltd. stood at Rs 28231.45 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 9215.76 crore for the quarter ended 31-Mar-2021, up 1.39 per cent from previous quarter's Rs 9089.46 crore and up 16.6 per cent from the year-ago quarter's Rs 7903.56 crore.

The net profit for latest quarter stood at Rs 2077.84 crore, up 338.37 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2021, DIIs held 9.07 per cent stake in the firm, while foreign institutional investors held 26.75 per cent and the promoters 52.63 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 3.37 and a price-to-book ratio of 0.5. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.