Earnings Impact: REC jumps 9.5% to record high on strong Q4 results, soars 30.5% in 8 sessions
REC stock surges 9.5% to ₹555.45 on strong Q4FY24 results, 33% YoY jump in net profit to ₹4,079 crore. Revenue grows 25% YoY. Scrip up 336% from 52-week low. Company aims to be NPA-free by FY25 with debt-raising plan of ₹1.6 lakh crore.
Source: livemint.com