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Rural Electrification Corporation Ltd soars 1.93%, rises for third straight session
09-Nov-18   13:05 Hrs IST

Rural Electrification Corporation Ltd is up for a third straight session in a row. The stock is quoting at Rs 121.4, up 1.93% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 10581.85. The Sensex is at 35167.9, down 0.2%. Rural Electrification Corporation Ltd has risen around 16.51% in last one month.

Meanwhile, Nifty Financial Services index of which Rural Electrification Corporation Ltd is a constituent, has risen around 2.75% in last one month and is currently quoting at 10860.8, down 0.06% on the day. The volume in the stock stood at 53.1 lakh shares today, compared to the daily average of 62.54 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 122.3, up 2.6% on the day. Rural Electrification Corporation Ltd is down 24.53% in last one year as compared to a 2.52% gain in NIFTY and a 4.29% gain in the Nifty Financial Services index.

The PE of the stock is 4.89 based on TTM earnings ending June 18.

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