The share of state-owned Infra Finance Company REC is nearing close to the 52-week summit today.
REC’s share in BSE opened at Rs 144.10 against the previous closing price of Rs 144.50. But at 10:45, it started climbing up and touched a peak of Rs 146.20, which is close to the highest of its previous 52 weeks, 146.90 rupees.
However, after this the company’s stock has seen a slight decline. It is running at Rs. 144.60 with a modest increase of 0.10 rupees or 0.07% at about 10.30 pm. At this price, the company’s market capitalization is Rs. 28,577.06 crores. Its lower 52 weeks has a lower level of 89.10 rupees.
It is to be mentioned that meeting of REC Board of Directors is going to be held on Wednesday 20 March, in which a proposal related to the market loan program for the next financial year will be considered.
It is worth mentioning that the Navratna Company lends to central and state government companies, power boards, rural electric cooperatives, NGOs and private power developers of Power Sector.
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