REC Share Worth: Share worth of REC falls as Sensex positive aspects 186.75 factors

The share worth of REC Ltd. dropped 0.72 per cent to Rs 563.05 at 01:48PM (IST) in Monday’s commerce. The scrip has hit a excessive of Rs 570.0 and low of Rs 557.4 thus far throughout the session. The inventory had closed at Rs 567.15 within the earlier session.

The counter has had a complete traded quantity of 83059 shares thus far with a price of Rs 4.67 crore on the NSE. It traded at a price-to-earnings a number of of 10.16 and a price-to-book ratio of 1.73.

A better P/E ratio reveals buyers are prepared to pay a better worth for per rupee earnings given by the inventory due to higher future progress expectations.

The worth-to-book worth signifies the inherent worth of an organization and displays the value buyers are prepared to pay even for no progress within the enterprise.

The scrip gained 129.82 per cent throughout the previous one 12 months, whereas the 30-share index superior 22.5 per cent throughout the identical interval.

REC Ltd. belongs to the Time period Lending – Energy business. Promotor/FII Holding
Promoters held 52.63 per cent stake within the firm as of 30-Jun-2024, whereas international buyers and home institutional buyers possession stood at 20.43 per cent and 9.11 per cent, respectively.

Key Financials
The agency reported consolidated internet gross sales of Rs 13092.44 crore for the quarter ended 30-Jun-2024, up 3.04 per cent from the earlier quarter’s Rs 12706.66 crore and up 18.04 per cent from the year-ago quarter’s Rs 11091.77 crore.

Revenue for the newest quarter stood at Rs 3460.19 crore, up 16.58 per cent from the identical quarter a 12 months in the past.