REC Limited Shares

REC Limited Shares Declined Almost 1%

REC Limited Shares Declined Almost 1% On 30th July 2020:

To begin with, REC Limited shares traded with a 0.97% loss in today’s Intraday trade. Also, until now, the company exchanged 76,656 shares hands on the counter.

Moreover, the company shares started at Rs. 102.05 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 103.85 per eq share. Similarly, the Intraday low value of Rs. 101.60 per share.

According to the source, the company reached its 52-week highest value of Rs. 157.25. Also, it reached the 52-week lowest value of Rs. 79.00. As per the records, the total market capitalization stood at Rs. 20,144.16 Cr.

On 31st March 2020, REC announced its consolidated sales worth Rs. 7,757.78 Cr. Comparatively, the company sales raised by 2.97% from its last quarter sales of Rs. 7,533.80 Cr. Also, its sales raised by 18.38% of Rs. 6,553.37 Cr in the previous year.

Furthermore, the net profit of Rs. 198.18 Cr declined by 62.19% from the same quarter a year ago. By the ending in March 2020, the company promoters held 52.63% of its stake, FIIs held a 26.59% stake and DIIs held a 52.63% stake.

Stock Market Update: 

Stock Market July 30th: On Thursday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 37,736.07 levels and Nifty stood traded loss with 11,102.15 levels. The Sensex declined 335.06 points with a 0.88% loss. Besides, Nifty has declined 100.70 points with a 0.90% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 15,87,982 as of July 30th, and deaths reached 35,035.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It declined 52.83 points with a 0.38% gain and reached a 13,709.72 level. The S&P BSE Smallcap index raised 56.08 points with a 0.43% gain and reached a 12,916.27 level. However, the Nifty Bank raised 429.75 points with a 1.95% gain and reached a 21,646.85 level.

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