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Showing posts with label Rural Electrification. Show all posts
Showing posts with label Rural Electrification. Show all posts

Thursday, March 01, 2012

Wednesday, January 25, 2012

REC jumps on encouraging Q3 numbers


Rural Electrification Corporation jumped 7.35% at Rs 203 at 15:30 IST on BSE after net profit rose 15.87% to Rs 769.51 crore on 24.07% increase in total income to Rs 2699.12 crore in Q3 December 2011 over Q3 December 2010.

The result was announced during trading hours today, 25 January 2012.

Meanwhile, the BSE Sensex was up 70.88 points, or 0.42%, to 17,066.65.

On BSE, 8.12 lakh shares were traded in the counter as against an average daily volume of 3.83 lakh shares in the past one quarter.

Tuesday, November 22, 2011

REC bucks trend on buzz TNEB looking to up tariff


Rural Electrification Corporation jumped 3.77% at Rs 188.50 at 13:47 IST on BSE, extending Monday's 2.02% rise triggered by reports that Tamil Nadu Electricity Board has sought the regulator's approval to increase tariffs by 38%.

Meanwhile, the BSE Sensex was up 238.02 points, or 1.49%, to 16,184.12.

On BSE, 2.18 lakh shares were traded in the counter as against an average daily volume of 3.19 lakh shares in the past one quarter.

The stock hit a high of Rs 189.60 and a low of Rs 181.30 so far during the day. The stock had hit a 52-week low of Rs 155 on 4 October 2011. The stock had hit a 52-week high of Rs 364.90 on 1 December 2010.

Monday, January 17, 2011

Rural Electrification Corporation


Financial stocks have been pummelled in recent sessions on fear of rising interest rates cutting into margins. This provides a good entry point for long-term investors in the stock of REC (Rural Electrification Corporation) as its prospects are quite promising. REC may manage to retain industry spreads in excess of 3 per cent even in a rising interest rate scenario, owing to its access to low-cost funding and its recent ‘infrastructure financing company' status.