Share price of RECNSE 0.69 % Ltd. dropped 2.7 per cent to Rs 88.15 at 01:22PM (IST) in Tuesday’s trade. The counter hit a high of Rs 93.0 and low of Rs 87.7 so far during the session. The stock had closed at Rs 90.6 in the previous session.
The counter had a total traded volume of 01:22PM shares so far with a turnover of Rs 2.53 crore on BSE. The stock traded at a price-to-earnings multiple of 3.02 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.
