REC rises 1.0% as Sensex climbs

REC rises 1.0% as Sensex climbs
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Synopsis

The stock traded at a P/E multiple of 2.88, while the price-to-book value ratio stood at 0.6.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Ltd. traded at Rs 135.75 on BSE at 01:34PM (IST) on Wednesday, up 1.0 per cent from previous close.

The scrip quoted a 52-week low price of Rs 122.2 and a high of Rs 168.7.

Earlier, the stock saw a gap up opening in the morning.

A total of 162,266 lakh shares changed hands on the counter till 01:34PM (IST).

The stock of REC Ltd. commanded a market value of Rs 26809.51 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 2.88, while the price-to-book value ratio stood at 0.6. Return on equity (ROE) was at 19.39 per cent, according to exchange data.

In the BSE500 pack, 431 stocks traded in the green, while 69 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.27.

Promotor/FII Holding
Promoters held 52.63 per cent in REC Ltd. as of 30-Sep-2021 while foreign and domestic institutional investors owned 26.82 per cent and 9.29 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 145.68 on December 08, while the 50-DMA was at 148.39. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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