REC Ltd Share Price – NSE /  BSE

Finance, Mid Cap

REC Ltd rose for a fifth straight session today. The stock is quoting at Rs 626.85, up 0.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25240.45. The Sensex is at 82401.53, up 0.32%. REC Ltd has dropped around 2.7% in last one month.

Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has dropped around 1.12% in last one month and is currently quoting at 23581.7, up 0.4% on the day. The volume in the stock stood at 35.38 lakh shares today, compared to the daily average of 94.67 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 628.75, down 0.34% on the day. REC Ltd is up 162.66% in last one year as compared to a 31.09% gain in NIFTY and a 20.8% gain in the Nifty Financial Services index.

The PE of the stock is 11.37 based on TTM earnings ending June 24.

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REC Ltd is up for a third straight session in a row. The stock is quoting at Rs 595.95, up 1.99% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. REC Ltd has dropped around 3.69% in last one month.

Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has dropped around 1.79% in last one month and is currently quoting at 22922.7, up 1.23% on the day. The volume in the stock stood at 47.59 lakh shares today, compared to the daily average of 113.76 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 594.55, up 1.74% on the day. REC Ltd is up 149.46% in last one year as compared to a 27.43% spurt in NIFTY and a 18.56% spurt in the Nifty Financial Services index.

The PE of the stock is 10.6 based on TTM earnings ending June 24.

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REC announced that the Board of Directors of the Company at its meeting held on 27 July 2024, inter alia, have recommended the interim dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

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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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