The share price of REC Ltd. went up by 1.9% to reach Rs 485.60 at 10:25 AM on Wednesday. During this time, the stock hit a high of Rs 486.50 and a low of Rs 475.25. In the previous trading session, the stock closed at Rs 476.50.
So far today, about 10,25,000 shares have been traded, bringing in Rs 5.10 crore in total sales on the BSE stock exchange. The stock’s price is being traded at a price-to-earnings (P/E) ratio of 8.55 and a price-to-book (P/B) ratio of 1.73.
A higher P/E ratio means that people are willing to pay more for each rupee of earnings because they expect the company to grow. The P/B ratio shows the value of the company, reflecting how much investors are willing to pay even if the company doesn’t show growth right now.
REC Ltd. operates in the Term Lending – Power industry. As of September 30, 2024, promoters owned 52.63% of the company. Foreign Institutional Investors (FIIs) and domestic institutional investors held 21.22% and 14.18%, respectively.
In its most recent quarter, REC Ltd. reported total earnings of Rs 13,706.31 crore, which is up by 4.69% from the previous quarter’s Rs 13,092.44 crore and 17.14% from Rs 11,701.26 crore the year before. The profit for this latest quarter was Rs 4,037.72 crore, an increase of 6.54% from the same quarter last year.
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