REC is currently trading at Rs. 259.65, up by 2.50 points or 0.97% from its previous closing of Rs. 257.15 on the BSE.
The scrip opened at Rs. 259.25 and has touched a high and low of Rs. 260.65 and Rs. 257.80 respectively. So far 24276 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. 266.90 and Rs. 253.80 respectively. The current market cap of the company is Rs. 25639.37 crore.
The promoters holding in the company stood at 60.64% while Institutions and Non-Institutions held 33.61% and 5.75% respectively.
Rural Electrification Corporation (REC), a public sector company, is eyeing to raise up to Rs 700 crore through issue of tax-free bonds this fiscal to meet various funding needs. This is on top of the Rs 300 crore already raised by the company through private placement.
A K Capital Services and Edelweiss Financial Services will manage the company’s issue. The leading lender for the power sector is authorized to raise Rs 1,000 crore via tax-free bonds.
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 |
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