REC Ltd up for third consecutive session

REC Ltd is up for a third straight session today. The stock is quoting at Rs 376.7, up 3.43% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 24272.2. The Sensex is at 78203, up 0.27%. REC Ltd has gained around 8.23% in last one month.

Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has gained around 1.95% in last one month and is currently quoting at 26343.55, up 0.34% on the day. The volume in the stock stood at 80.38 lakh shares today, compared to the daily average of 92.01 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 377.4, up 3.35% on the day. REC Ltd is down 14.89% in last one year as compared to a 0.61% jump in NIFTY and a 0% jump in the Nifty Financial Services index.

The PE of the stock is 5.59 based on TTM earnings ending December 25.