Trending stocks: REC shares slip 2%

NEW DELHI: Shares of REC Ltd. traded 1.9 per cent down in Monday's trade at 11:54AM (IST). Around 57836 shares changed hands on the counter. The stock opened at Rs 107.85 and touched an intraday high and low of Rs 107.85 and Rs 105.75, respectively, in the session so far.

The stock quoted a 52-week high of Rs 169.55 and a 52-week low of Rs 78.75.

Financials
REC Ltd., incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 20924.26 Crore) operating in Term Lending Institutions sector.

For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs 8105.23 Crore, up 4.48 per cent from last quarter Sales of Rs 7757.78 Crore and up 16.20 per cent from last year same quarter Sales of Rs 6975.42 Crore Company has reported net profit after tax of Rs 1843.02 Crore in latest quarter.

REC Ltd. key Products/Revenue Segments include Interest which contributed Rs 24971.02 Crore to Sales Value (98.66 per cent of Total Sales), Fees & Other Charges which contributed Rs 225.09 Crore to Sales Value (0.88 per cent of Total Sales) and Dividend which contributed Rs 113.61 Crore to Sales Value (0.44 per cent of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 52.63 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 3.95 and price to book value of 0.87.