REC board okays interim dividend; stock gains 4.5%

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REC board okays interim dividend; stock gains 4.5%

Rural Electrification Corporation (REC) has announced its third quarter results. Its Q3 net profit was up at Rs 770 crore versus Rs 664 crore, YoY. Its net sales were up at Rs 2,650 crore versus Rs 2,086 crore, YoY. The company's board has okayed Rs 5 per share interim dividend, reports CNBC-TV18.

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Rural Electrification Corporation (REC) has announced its third quarter results. Its Q3 net profit was up at Rs 770 crore versus Rs 664 crore, YoY. Its net sales were up at Rs 2,650 crore versus Rs 2,086 crore, YoY. The company's board has okayed Rs 5 per share interim dividend, reports CNBC-TV18.

The share touched an intraday high of Rs 198.30 and an intraday low of Rs 187.95. At 15:13 hrs the share was quoting at Rs 197.70, up Rs 8.60, or 4.55%.
 
It was trading with volumes of 624,433 shares. In the previous trading session, the share closed up 4.39% or Rs 7.95 at Rs 189.10.