Rural Electrification Corporation rose 1.06% to Rs 86.05 at 14:07 IST on BSE on reports the company plans to raise Rs 5510 crore debt in both local and overseas markets to meet its onward-lending requirement in the current financial year.
The stock hit a high of Rs 87.25 and a low of Rs 85.55 so far during the day. The stock had hit a 52-week high of Rs 128.40 on 12 March 2008 and a 52-week low of Rs 72.60 on 16 July 2008.
The company has an equity capital of Rs 858.66 crore. Face value per share is Rs 10.
The current price of Rs 86.05 discounts its Q1 June 2008 annualised EPS of Rs 12.70, by a PE multiple of 5.46.
Rural Electrification Corporation (REC)’s net profit rose 58.4% to Rs 272.56 crore on 35.5% increase in net sales to Rs 995.84 crore in Q1 June 2008 over Q1 June 2007.
REC is a term lending institution and a government enterprise, is engaged in the business of lending to power projects.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment