Share price of REC falls as Nifty strengthens

Share price of REC falls as Nifty strengthens
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Synopsis

A total of 30,520 shares changed hands on the counter till 01:29PM (IST).

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Ltd. slipped 0.3 per cent to Rs 148.15 in Wednesday's trade as of 01:29PM (IST).

The stock hit a high price of Rs 149.4 and low of Rs 147.95 during the session.

The return on equity (ROE) for the stock stood at 14.04 per cent. Traded volume on the counter stood at 01:29PM shares and turnover at Rs 0.45 crore around that time.

Did you Know?

Stock score of REC Ltd moved down by 2 in a month on a 10-point scale.

View Latest Stock Report »

The stock of REC Ltd. quoted a 52-week high and 52-week low prices of Rs 167.75 and Rs 91.9, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.27.

Promotor/FII Holding
Promoters held 52.63 per cent stake in the company as of 31-Mar-2021, while overseas investors held 26.75 per cent and domestic institutional investors had 12.28 per cent.

Key Financials
The company reported consolidated 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.

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

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