REC Ltd Hits 52-Week Low Amidst Ongoing Market Challenges and Volatility

Feb 12 2025 10:05 AM IST
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REC Ltd, a key player in the finance and NBFC sector, has reached a new 52-week low amid significant volatility, underperforming its sector. The stock has declined consecutively over three days and is trading below multiple moving averages, reflecting a bearish trend. Despite this, it offers a high dividend yield.
REC Ltd, a prominent player in the finance and non-banking financial company (NBFC) sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 394.6. This decline marks a notable underperformance, as the stock has lagged behind its sector by 2.13%. Over the past three days, REC has seen a consecutive drop, accumulating a total decline of 10.23%.

Today's trading session saw the stock hit an intraday low of Rs. 394.6, reflecting a decrease of 3.72%. Additionally, REC Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its price movement.

Despite the recent downturn, REC Ltd maintains a high dividend yield of 4.15% at the current price level. Over the past year, the stock has faced challenges, with a performance decline of 12.58%, contrasting sharply with the Sensex, which has risen by 6.18% during the same period. This performance highlights the ongoing challenges faced by REC Ltd in the current market landscape.
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