On Wednesday, REC Ltd. shares were trading at Rs 499.05 on the BSE around 12:12 PM IST, which is a rise of 3.13% from the last closing price. The company’s stock has seen a low of Rs 408.00 and a high of Rs 653.90 in the past year.
In the morning, the shares opened with a good jump. By noon, a total of 107,106 shares had been traded. Today, REC Ltd. has a market value of Rs 131,318.88 crore.
The stock’s price-to-earnings (P/E) ratio is 8.82, meaning it’s relatively affordable compared to its earnings. The price-to-book value (P/BV) is 1.73. The company’s return on equity (ROE) is 20.56%.
Among the 500 companies listed on BSE, 104 were gaining, while 395 were losing. The beta value of REC Ltd. is 1.2659, indicating how much it moves compared to the overall market.
As of September 30, 2024, promoters own 52.63% of the company. Foreign investors hold 21.23%, and domestic institutional investors have 8.94%.
Looking at moving averages, the 200-day moving average (200-DMA) is at Rs 537.6, and the 50-day moving average (50-DMA) is at Rs 526.62. If the stock is trading below both averages, it usually means it’s on an upward trend. If it’s below them, it could be a bearish trend, and being in between suggests mixed chances ahead.
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