REC Ltd. shares witnessed a loss on June 29th stocks

REC Ltd. shares witnessed a loss on June 29th stocks

REC Ltd. shares witnessed a loss on June 29th stocks

New Delhi: To begin with, the shares of REC Ltd. dropped in the trade session today. The share price of the company declined by 2.66% at Rs. 109.70. Nearly, 4,31,770 lakhs of shares have exchanged hands on the counter. 

However, the shares of the company quoted a 52-week highest value of Rs. 169.55. It also quoted a 52-week lowest value of Rs. 79.00 in the trade so far.

According to the records, the stock demands a market value of Rs. 21,546.36 crores.

Besides, as of March 2020, the promoters of the company held 52.63% from its stake. Likewise, the FIIs held a 26.99% stake and DIIs held an 8.82% stake.

Moreover, as per the sources, the company shares traded at a price-to-earnings multiple of 4.33. So then, the price-to-book ratio stood at 0.61. On the other side, its return on equity remained at 14.04%. 

Stock Market Update: 

Stock Market June 29th: On Monday, both Sensex and Nifty seem to trade with a bearish trend at the stock market. The Sensex stood trading down with 34,865.15 levels. Thereby, Nifty stood trading down with 10,280.65 levels. The Sensex lost 330.35 points with 0.95% fall. So then, Nifty has lost 101.55 points with 0.98% fall.

On the other hand, the number of confirmed COVID-19 cases in India reached 5,48,318 as of June 29th, and deaths reached 16,475.

In the border market, the S&P BSE Midcap index reported a bearish trend as well. It lost 188.77 points with a 1.43% drop and reached a 13,068.02 level. The S&P BSE Smallcap index lost 162.93 points with 1.24% fall and reached a 12,474.86 level. So then, Nifty Bank also lost 363.25 points with a 1.71% drop and reached 21,239.55 level.

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