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REC Ltd stays supported

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Capital Market

REC Ltd is quoting at Rs 155.85, up 1.46% on the day as on 12:49 IST on the NSE. The stock is up 61% in last one year as compared to a 56.53% gain in NIFTY and a 63.12% gain in the Nifty Financial Services index.

REC Ltd is up for a third straight session in a row. The stock is quoting at Rs 155.85, up 1.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 15726.15. The Sensex is at 52247.69, down 0.15%. REC Ltd has added around 15.02% in last one month.

 

Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has added around 4.23% in last one month and is currently quoting at 16702.85, down 0.75% on the day. The volume in the stock stood at 58.23 lakh shares today, compared to the daily average of 42.56 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 156.5, up 1.36% on the day. REC Ltd is up 61% in last one year as compared to a 56.53% gain in NIFTY and a 63.12% gain in the Nifty Financial Services index.

The PE of the stock is 3.63 based on TTM earnings ending March 21.

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First Published: Jun 08 2021 | 1:06 PM IST

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