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Rural Electrification Corporation jumps on reporting 16% jump in Q3 net profit

25 Jan 2012 Evaluate

Rural Electrification Corporation (REC)  is currently trading at Rs. 198.50, up by 9.40 points or 4.97% from its previous closing of Rs. 189.10 on the BSE.

The scrip opened at Rs. 191.00 and has touched a high and low of Rs. 198.90 and Rs. 187.95 respectively. So far 573734 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.45 on 25-Jan-2011 and a 52 week low of Rs. 143.50 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs. 198.90 and Rs. 171.00 respectively. The current market cap of the company is Rs. 18909.84 crore.

The promoters holding in the company stood at 66.80% while Institutions and Non-Institutions held 24.84% and 8.37% respectively. 

Rural Electrification Corporation (REC) has posted a 15.87% rise in net profit of Rs 769.51 crore for the quarter ended December 31, 2011 as compared to Rs 664.09 crore for the same quarter in the previous year. The total income has increased by 24.07% from Rs 2175.41 crore for Q3FY11 to Rs 2699.12 crore in the quarter under review.

The company has declared and approved payment of interim dividend at the rate of Rs 5 per share on the face value of the fully paid-up equity shares of Rs 10 each for the Financial Year 2011-12.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.

REC Share Price

383.35 10.00 (2.68%)
20-Apr-2026 14:36 View Price Chart
Peers
Company Name CMP
Power Finance Corp 474.25
REC 383.35
Indian Railway Fin. 103.29
NHIT 151.00
Satin Creditcare 171.25
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