REC Share Price Soars Once Again | सार्वजनिक क्षेत्र की कंपनी आरईसी के शेयरों में तेजी
1. Impressive Growth: REC share price has seen a remarkable growth, with a one-year investment of ₹1 lakh now exceeding ₹4 lakh.
2. Recent Performance: On 2nd May, the share price surged by over 8%, opening at ₹513 and reaching a high of ₹555.70 ★a 52-week high.
3. Quarterly Earnings: Following the announcement of strong quarterly earnings, REC shares have witnessed a rise. The company’s market cap stands at ₹1.44 lakh crore.
4. Profit Increase: REC reported a 33% increase in net profit for the March 2024 quarter. The company’s board has also announced a final dividend of ₹5 per share.
5. Recent Trends: On Friday, 3rd May 2024, REC shares were trading at ₹557, up by 0.51%. The shares have delivered over 20% returns in just two days.
6. Overall Performance: REC shares have shown significant growth this year, with a 30% increase so far. The share price has surged from ₹42.17 in March 2008 to over ₹1,200.
7. Financial Results: In the fourth quarter, REC provisioned ₹711.9 crore, compared to ₹56 crore in the third quarter. Total income for the financial year 24 increased to ₹12,706.66 crore.
8. Government Affiliation: REC, a Navratna company under the Ministry of Power, is registered as a non-banking financial company, public financial institution, and infrastructure financing company.
Stay tuned for more updates on REC share price and performance! 📈💰
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