Share price of REC as Sensex drops 91.09 points

Share price of REC  as Sensex  drops  91.09 points

The share price of Ltd. 0.0 per cent to Rs 132.25 at 11:14AM (IST) in Friday’s trade. The scrip has hit a high of Rs 133.5 and low of Rs 132.0 so far during the session. The stock had closed at Rs 132.25 in the previous session.

The counter has had a total traded volume of 49662 shares so far with a value of Rs 0.66 crore on the NSE. It traded at a price-to-earnings multiple of 3.86 and a price-to-book ratio of 0.5.

A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 50.8 per cent during the past one year, while the 30-share index advanced 80.02 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 31-Dec-2020, while foreign investors and domestic institutional investors ownership stood at 26.37 per cent and 9.45 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 9089.46 crore for the quarter ended 31-Dec-2020, up 3.03 per cent from the previous quarter’s Rs 8822.1 crore and up 17.79 per cent from the year-ago quarter’s Rs 7716.72 crore.

Profit for the latest quarter stood at Rs 2257.96 crore, up 35.47 per cent from the same quarter a year ago.

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