Share price of REC falls as Sensex gains 63.44 points

Share price of REC falls as Sensex gains 63.44 points
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Synopsis

Promoters held 52.63 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 26.15 per cent and 9.39 per cent, respectively.

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
The share price of Ltd. dropped 1.76 per cent to Rs 153.65 at 01:05PM (IST) in Monday's trade. The stock has hit a high of Rs 157.55 and low of Rs 153.6 so far during the session. The stock had closed at Rs 156.4 in the previous session.

The counter has had a total traded volume of 105723 shares so far with a value of Rs 1.64 crore on the NSE. It traded at a price-to-earnings multiple of 3.45 and a price-to-book ratio of 0.5.

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.

Did you Know?

Stock score of REC Ltd moved up by 1 in a week on a 10-point scale.

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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 45.3 per cent during the past one year, while the 30-share index advanced 44.28 per cent during the same period.

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-Jun-2021, while FIIs and domestic institutional investors ownership stood at 26.15 per cent and 9.39 per cent, respectively.

Key Financials
The firm reported consolidated 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.

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

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