Meanwhile, S&P BSE Sensex was down 53.67 points or 0.14% at 38,666.90.

On BSE, 14.17 lakh shares were traded in REC counter, compared to a 2-week average of 3.4 lakh shares. The share price hit an intraday high of Rs 153.20 and an intraday low of Rs 138.15. It hit a 52-week high of Rs 169.55 on 4 July 2019 and a 52-week low of Rs 89.10 on 23 July 2018.

Shares of REC plunged 17.15% in three trading sessions to its current market price of Rs 138.65, from a recent closing high of Rs 167.35 on 4 July 2019.

The index maintenance sub-committee of NSE Indices decided to exclude shares of REC from the Nifty CPSE index effective from 15 July. The announcement was made yesterday, 8 July 2019.

Net profit of REC surged 49.6% to Rs 1,256.13 crore on a 12.4% increase in total income to Rs 6,685.90 crore in Q4 March 2019 over Q4 March 2018.

State-run REC provides financial assistance to the power sector in all segments, be it generation, transmission or distribution.


0 thoughts on “REC slumps over 17 in three sessions”

Post Comment

  Share Tips

Intraday trading is an art of earning money from stock market and it requires a lot of patience and time to allocate in the daily schedule. But to see money from market is not an easy thing which it always do not gives opportunity with high profits. Many people do not have time to do intraday trading in their daily jobs in office or business. But here we make it very simple and easy.

View My Stats