REC shares rise for second session after strong Q1FY27 results
after close1 source ↓written by the desknot a recommendation
- intraday high
- ₹367.90
- from the previous
- 2%
- previous close
- ₹361.45
- in net profit
- 23% QoQ increase
- for Q1FY27
- ₹4,149 cr
REC shares gained for the second consecutive session on 27 July, reaching an intraday high of ₹367.90, up nearly 2% from the previous close of ₹361.45. The stock's rise follows a 23% QoQ increase in net profit to ₹4,149 cr for Q1FY27, with net interest income rising 5% to ₹5,212 cr. REC's capital adequacy ratio remains strong at 23.06%.
The positive earnings report may bolster investor sentiment, reflecting REC's robust lending portfolio and disciplined financial management. 📈
Not investment advice. For informational purposes only.