Rural Electrification Corporation rose 2.44% to Rs 345.95 at 10:57 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was down 50.16 points or 0.2% at 25,178.01.
On BSE, so far 1 lakh shares were traded in the counter as against average daily volume of 2.58 lakh shares in the past one quarter.
The stock hit a high of Rs 346.25 and a low of Rs 333.30 so far during the day. The stock had hit a 52-week high of Rs 380.65 on 26 May 2014. The stock had hit a 52-week low of Rs 146.15 on 5 August 2013.
The stock had outperformed the market over the past one month till 13 June 2014, surging 31.79% compared with the Sensex's 5.68% rise. The scrip had also outperformed the market in past one quarter, jumping 61.19% as against Sensex's 15.86% rise.
The large-cap company has equity capital of Rs 987.46 crore. Face value per share is Rs 10.
Shares of Rural Electrification Corporation (REC) had declined 10.46% in four trading sessions to settle at Rs 337.70 on Friday, 13 June 2014, from a recent high of Rs 377.15 on 9 June 2014.
REC's net profit rose 24.1% to Rs 1191.70 crore on 23.3% growth in total income to Rs 4490 crore in Q4 March 2014 over Q4 March 2013.
REC, a Navratna Central Public Sector Enterprise under Ministry of Power, provides financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects.
Powered by Capital Market - Live News