Share price of REC Ltd. falls as Sensex gains 44.94 points
Share price of RECNSE 1.31 % Ltd. dropped 1.8 per cent to Rs 84.4 at 01:49PM (IST) in Tuesday’s trade. The stock hit a high of Rs 86.15 and low of Rs 83.7 so far during the session. The stock had closed at Rs 85.95 in the previous session.
The counter had a total traded volume of 01:49PM shares so far with a turnover of Rs 3.01 crore on BSE. The stock traded at a price-to-earnings multiple of 2.89 and a price-to-book ratio of 0.48.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
