Share price of REC Ltd. jumps as Sensex gains 293.12 points
Share price of REC NSE 0.00 % Ltd. gained 0.05 per cent to Rs 101.6 at 10:46AM (IST) in Thursday’s trade. The scrip hit a high of Rs 102.5 and low of Rs 99.85 so far during the session. The stock had closed at Rs 101.55 in the previous session.
The counter had a total traded volume of 10:46AM shares so far with a turnover of Rs 0.54 crore on BSE. The stock traded at a price-to-earnings multiple of 4.02 and a price-to-book ratio of 0.56.
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.
