REC share price has zoomed 10% and is presently trading at Rs 99.
Meanwhile, the BSE 500 Index is at 12,432 (up 2.1%).
Among the top Gainers in the BSE 500 Index today are REC (up 10.1%) and INDIABULLS HOU. FIN. (up 11.1%).
ALKEM LABORATORIES and EMAMI LTD (down 0.1%) are among the top losers today.
Over the last one year, REC has moved down from Rs 135 to Rs 99, registering a loss of Rs 36 (down 27.1%).
On the other hand, the BSE 500 has moved down from 14,496 to 12,432, loss of 2,064 points (down 15.9%) during the last 12 months.
The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 512.3%), ABBOTT INDIA (up 147.4%) and NAVIN FLUORINE (up 112.5%).
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What About the Benchmark Indices?
The BSE Sensex is at 32,845 (up 2.3%).
The top gainers among the BSE Sensex stocks today are L&T (up 6.3%), ICICI BANK (up 5.7%) and ULTRATECH CEMENT (up 5.4%). Other gainers include BAJAJ FINANCE (up 5.3%) and M&M (up 4.8%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.
In the meantime, NSE Nifty is at 9,584 (up 2.4%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 11.4%), L&T (up 6.5%) and ICICI BANK (up 5.9%). Other gainers include ULTRATECH CEMENT (up 5.6%) and UPL (up 5.6%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 37,091 to 32,845, registering a loss of 4,246 points (down 13.51%).
REC Financial Update…
REC net profit stood at Rs 15 billion for the quarter ended June 2019, compared to a profit of Rs 13 billion a year ago. Net Sales declined 4.6% to Rs 69.2 billion during the period as against Rs 72.5 billion in April-June 2018.
For the year ended March 2018, REC reported 25.7% decrease in net profit to Rs 46.9 billion compared to net profit of Rs 63.1 billion during FY17.
Revenue of the company grew 4.7% to Rs 231 billion during FY18.
The current Price to earnings ratio of REC, based on rolling 12 month earnings, stands at 3.4x.
What else is happening in the markets today? Dig in…
Published at Wed, 13 May 2020 12:17:00 +0000-REC Surges by 10%; BSE 500 Index Up 2.1%