REC Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

Net profit of REC rose 16.58% to Rs 3460.19 crore in the quarter ended June 2024 as against Rs 2968.05 crore during the previous quarter ended June 2023. Sales rose 17.78% to Rs 13078.66 crore in the quarter ended June 2024 as against Rs 11103.93 crore during the previous quarter ended June 2023.

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REC Ltd rose for a third straight session today. The stock is quoting at Rs 624.8, up 2.76% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.27% on the day, quoting at 24715.05. The Sensex is at 80979.62, up 1.17%. REC Ltd has added around 19.04% in last one month.

Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has added around 1.77% in last one month and is currently quoting at 23049.5, up 0.68% on the day. The volume in the stock stood at 70.32 lakh shares today, compared to the daily average of 171.21 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 622.65, up 2.26% on the day. REC Ltd is up 231.99% in last one year as compared to a 25.71% gain in NIFTY and a 13.87% gain in the Nifty Financial Services index.

The PE of the stock is 11.41 based on TTM earnings ending March 24.

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REC announced that the 55th Annual General Meeting (AGM) of the company will be held on 20 August 2024.

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REC Ltd is down for a fifth straight session today. The stock is quoting at Rs 600.5, down 1.57% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.81% on the day, quoting at 24599.85. The Sensex is at 80919.45, down 0.52%.REC Ltd has added around 18.51% in last one month.Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has increased around 2.4% in last one month and is currently quoting at 23783.5, down 0.82% on the day. The volume in the stock stood at 89.39 lakh shares today, compared to the daily average of 171.28 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 605.5, down 1.05% on the day. REC Ltd jumped 271.25% in last one year as compared to a 23.13% rally in NIFTY and a 14.59% spurt in the Nifty Financial Services index.

The PE of the stock is 11.46 based on TTM earnings ending March 24.

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