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Share price of REC rises as Nifty weakens

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August 13, 2024
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Share price of REC  rises  as Nifty  weakens
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Shares of REC Ltd. gained 0.62 per cent to Rs 582.25 in Tuesday’s trade as of 12:02PM (IST).

The stock hit a high price of Rs 582.6 and low of Rs 574.0 during the session.

The return on equity (ROE) for the stock stood at 20.56 per cent. Traded volume on the counter stood at 12:02PM shares and turnover at Rs 6.55 crore around that time.

The stock of REC Ltd. quoted a 52-week high and 52-week low prices of Rs 653.9 and Rs 216.45, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.27. Promotor/FII Holding
Promoters held 52.63 per cent stake in the company as of 30-Jun-2024, while overseas investors held 20.43 per cent and domestic institutional investors had 14.66 per cent.

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

Net profit after tax for the latest quarter stood at Rs 3460.19 crore, up 16.58 per cent from the same quarter a year ago.

Tags: BSEelectrification corporationelectrification corporation ltdelectrification ltdNiftynsepriceRECrec ltdREC Share Pricerisesrural corporationrural corporation ltdrural electrificationrural electrification corporationrural electrification corporation ltdsensexShareStocks in newsweakens
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