REC share price locked at 8% upper circuit to hit 52-week high: What drove the rally?
REC Share Price Today: Shares of REC were locked at 8 per cent upper circuit at ₹382.75 apiece on the BSE, hitting its 52-week high mark, after the state-owned firm’s yearly disbursement crossed ₹1 lakh crore for the first time ever on Friday, December 1. In the corresponding period of eight months to the financial year, the disbursement was ₹47,035 crore.
“For the first time, REC crossed disbursement of ₹1,00,000 crore in a year. In corresponding period of 8 months of FY 2022-23 the disbursement was ₹46,075 crore,” said REC in a regulatory filing to the stock exchanges.
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Updated: 01 Dec 2023, 04:53 PM IST
