Share price of REC as Sensex drops 372.98 points

The share price of REC Ltd. 1.91 per cent to Rs 481.15 at 01:32PM (IST) in Tuesday’s trade. The stock has hit a high of Rs 493.60 and low of Rs 474.50 so far during the session. The stock had closed at Rs 490.55 in the previous session.

The counter has had a total traded volume of 87914 shares so far with a value of Rs 4.23 crore on the NSE. It traded at a price-to-earnings multiple of 8.49 and a price-to-book ratio of 1.73.

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 4.6 per cent during the past one year, while the 30-share index advanced 7.429999828338623 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-2024, while FIIs and domestic institutional investors ownership stood at 21.73 per cent and 8.45 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 13706.3100 crore for the quarter ended 30-Sep-2024, 4.69 per cent from the previous quarter’s Rs 13092.4400 crore and 17.14 per cent from the year-ago quarter’s Rs 11701.2600 crore.

for the latest quarter stood at Rs 4037.72 crore, 6.54 per cent from the same quarter a year ago.