The counter had a total traded volume of 10:15AM shares so far with a turnover of Rs 0.74 crore on BSE. The stock traded at a price-to-earnings multiple of 3.81 and a price-to-book ratio of 0.5.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
REC Ltd. belongs to the Term Lending – Power industry.
Promotor/FII Holding
Promoters held 52.63 per cent stake in the company as of 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 26.75 per cent and 12.28 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 9089.46 crore for the quarter ended 31-Dec-2020, up 3.03 per cent from the previous quarter’s Rs 8822.1 crore and up 17.79 per cent from the year-ago quarter’s Rs 7716.72 crore.
Its profit for the latest quarter stood at Rs 2257.96 crore, up 35.47 per cent from the same quarter a year ago.
