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REC Ltd. shares up 2.38% as Nifty gains

NEW DELHI: Shares of Ltd. traded 2.38 per cent up in Tuesday’s commerce at 11:13AM (IST). Round 74,704 shares modified fingers on the counter.

The inventory opened at Rs 130.Three and touched an intraday excessive and low of Rs 133.Three and Rs 129.95, respectively, within the session to this point. Shares of the corporate of REC Ltd. quoted a 52-week excessive of Rs 156.85 and a 52-week low of Rs 83.7.

Complete market cap of the REC Ltd. stood at Rs 26266.41 crore on the time of penning this report.

Key Financials

The corporate reported consolidated gross sales of Rs 9089.46 crore for the quarter ended 31-Dec-2020, up 3.03 per cent from earlier quarter’s Rs 8822.1 crore and up 17.79 per cent from the year-ago quarter’s Rs 7716.72 crore.

The online revenue for up to date quarter stood at Rs 2257.96 crore, up 35.47 per cent from the identical quarter a yr in the past.

Shareholding sample

As of 31-Dec-2020, home institutional buyers held 9.45 per cent stake within the firm, whereas overseas institutional buyers held 26.37 per cent and the promoters 52.63 per cent.

Valuation ratio

In accordance with BSE information, the inventory traded at a price-to-earnings a number of of three.88 and a price-to-book ratio of 0.5. The next P/E ratio reveals buyers are keen to pay a better value due to higher future progress expectations. Value-to-book worth signifies the inherent worth of an organization and is the measure of the worth that buyers are able to pay even for no progress within the enterprise.

REC Ltd. belongs to the Time period Lending – Energy trade.

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