REC shares down 1.7% as Nifty gains

REC shares down 1.7% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 167.75 and low of Rs 91.9.

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
Shares of Ltd. rose 1.7 per cent to Rs 141.25 in Monday's trade. It hit an intraday high of Rs 146.85 and low of Rs 140.75, respectively, during the day.

The stock quoted a 52-week high price of Rs 167.75 and low of Rs 91.9.

As of 12:45PM (IST), the counter saw total traded volume of 47,688 shares with a traded value of Rs 0.68 crore, according to NSE.

Did you Know?

Stock score of REC Ltd moved down by 2 in 6 months on a 10-point scale.

View Latest Stock Report »

The stock had closed at Rs 143.7 in the previous session.

The scrip has declined -7.75 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.42 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 3.17 while price-to-book ratio stood at 0.5. 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-Jun-2021, while FII and MF ownership in the firm stood at 26.15 per cent and 9.39 per cent, respectively.

Key Financials
The company 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. Its net 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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