Rural Electrification Corporation (REC),
a leading public infrastructure finance company in India's power
sector, climbed on Wednesday after its 100% subsidiary, REC
Transmission Projects Company (RECTPCL) transferred its wholly
owned subsidiary, Vizag Transmission (VTL) incorporated for
establishment of transmission system for system strengthening in
Southern region for import of power from Eastern region to Power
Grid Corporation of India.
RECTPCL has received an acquisition price of Rs 154.2 million
from Power Grid Corporation of India towards acquisition of VTL
along with its all assets and liabilities. Shares ofthe companyare trading at Rs
168.80, up Rs 4.1, or 2.49% at the Bombay Stock Exchange (BSE) on
Wednesday at 10:50 a.m.The scrip has touched an intra-day high of
Rs 169.10 and low of Rs 163.30. The total volume of shares traded
at the BSE is 82,778.In the earlier session, the shares fell 4.83%,
or Rs 8.35, at Rs 164.70. Currently, the stock is trading down
36.9% from its 52-week high of Rs 267.50 and above 15.5% over the
52-week low of Rs 146.15.
Share Price Movement Period Pricein Rs
Gain/(Loss) in Rs in % 1 Week 201.35 (10.65) (5.29) 1 Month 225.60
(34.90) (15.47) 3 Months 200.80 (10.10) (5.03) 6 Months 244.80
(54.10) (22.10) 1 Year 177.55 13.15 7.41 Note: Based on previous
day closing price.