REC is currently trading at Rs. 268.50, up by 6.00 points or 2.29% from its previous closing of Rs. 262.50 on the BSE.
The scrip opened at Rs. 262.50 and has touched a high and low of Rs. 269.00 and Rs. 258.70 respectively. So far 70,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 371.05 on 04-Mar-2015 and a 52 week low of Rs. 211.40 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 269.00 and Rs. 245.40 respectively. The current market cap of the company is Rs. 26513.27 crore.
The promoters holding in the company stood at 60.64% while Institutions and Non-Institutions held 33.21% and 6.16% respectively.
Rural Electrification Corp (REC) has received shareholders' approval for the proposal to raise up to Rs 42,000 crore through issuance of bonds or debentures on private placement basis. The shareholders approved the proposal with requisite majority at its annual general meeting held on September 16, 2015.
The proposal will enable the company to raise funds through private placement of unsecured/secured non-convertible bonds/debentures up to Rs 42,000 crore, during a period of one year from the date of passing of this resolution, i.e. up to September 15, 2016.
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.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 461.00 |
| REC | 359.35 |
| Indian Railway Fin. | 106.05 |
| NHIT | 160.00 |
| Satin Creditcare | 212.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: