Rural Electrification Corporation rose 1.32% to Rs 306 at 14:38 IST on BSE after net profit rose 35.11% to Rs 1500.75 crore on 19.93% increase in total income to Rs 5066.27 crore in Q2 September 2014 over Q2 September 2013.
The result was announced during trading hours today, 10 November 2014.
Meanwhile, the BSE Sensex was up 9.23 points, or 0.03%, to 27,877.86.
On BSE, so far 6.27 lakh shares were traded in the counter, compared with an average volume of 2.74 lakh shares in the past one quarter.
The stock hit a high of Rs 311.25 and a low of Rs 285.70 so far during the day. The stock hit a 52-week high of Rs 383.35 on 7 July 2014. The stock hit a 52-week low of Rs 166.60 on 30 January 2014.
The stock had outperformed the market over the past one month till 7 November 2014, rising 25.60% compared with 6.08% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 0.60% as against Sensex's 8.91% rise.
The large-cap company has an equity capital of Rs 987.46 crore. Face value per share is Rs 10.
Rural Electrification Corporation (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.
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