REC shares rise 1.59% as Sensex climbs

Tata Power Company Ltd. share price  up  0.68 per cent

Shares of the Ltd. traded at Rs 134.0 on BSE at 12:51PM (IST) on Wednesday, up 1.59 per cent from previous close.

The stock quoted a 52-week low price of Rs 83.7 and a high of Rs 156.85.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 98,253 lakh shares changed hands on the counter till 12:51PM (IST).

The stock of REC Ltd. commands a market value of Rs 26454.03 crore.

The stock traded at a price-to-earning (P/E) multiple of 3.91, while the price-to-book value ratio stood at 0.5. Return on equity (ROE) was at 14.04 per cent, according to exchange data.

In the BSE500 pack, 417 stocks traded in the green, while 83 stocks were in the red.

Promotor Holding

Promoters held 52.63 per cent in the REC Ltd. as of 31-Dec-2020 while overseas and domestic institutional investors owned 26.37 per cent and 12.67 per cent, respectively.

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