REC stock price hit a record high of Rs 555.45 apiece on the BSE, after it soared 9.5 per cent in Thursday’s intraday trade. The stock has extended its rally into the second day after its January to March quarter results.
In two days, REC stock price has leaped nearly 20 per cent after it reported 33 per cent growth in the March quarter (Q4FY24) net profit, at Rs 4,079.09 crore, on April 30. REC had reported a net profit of Rs 3,065.37 crore in the corresponding quarter of the previous fiscal (Q4FY23).
