REC Ltd Hits Intraday High with Strong 3.16% Surge on 2 Jan 2026

Intraday Trading Highlights

On 2 Jan 2026, REC Ltd recorded a significant intraday high of Rs 379.5, reflecting a 3.24% gain from its previous close. The stock closed the day with a 3.16% increase, outperforming the Finance sector by 2.38% and the Sensex benchmark by 2.78 percentage points. This strong intraday surge was accompanied by sustained buying interest, pushing the price above key short- and medium-term moving averages including the 5-day, 20-day, 50-day, and 100-day averages. However, the price remained below the 200-day moving average, indicating some longer-term resistance.

Recent Price Momentum and Returns

REC Ltd has been on a positive trajectory, registering gains for three consecutive trading sessions. Over this period, the stock has delivered a cumulative return of 7.71%, signalling sustained buying pressure. The one-day performance of 3.20% notably outpaced the Sensex’s 0.42% gain, while the one-week and one-month returns stood at 6.22% and 6.08% respectively, both well above the Sensex’s corresponding returns of 0.59% and 0.48%. Year-to-date, REC Ltd has appreciated by 6.31%, compared to the Sensex’s 0.38% rise.

Market Context and Sector Comparison

The broader market environment on 2 Jan 2026 was positive, with the Sensex rising 243.42 points (0.37%) to close at 85,502.78 after a flat opening. The index traded near its 52-week high, just 0.77% shy of the peak at 86,159.02. The Sensex’s technical positioning remained bullish, trading above its 50-day moving average, which itself was above the 200-day moving average. Mid-cap stocks led the market rally, with the BSE Mid Cap index gaining 0.44% on the day.

Within this environment, REC Ltd’s outperformance was notable. The stock’s 3.20% gain on the day was significantly higher than the Sensex’s 0.42% advance, underscoring its relative strength. Over the past three months, REC Ltd’s return of 0.45% lagged the Sensex’s 5.63%, but its longer-term performance remains strong, with three-year and five-year returns of 215.34% and 275.64% respectively, far exceeding the Sensex’s 39.85% and 78.70% gains over the same periods.

Valuation and Dividend Yield

REC Ltd currently offers a high dividend yield of 5.36% at the prevailing price level, providing an attractive income component for investors. The company’s market capitalisation grade stands at 1, reflecting its large-cap status within the Finance sector. The recent upgrade in its Mojo Grade from Sell to Hold as of 1 Jan 2026, with a current Mojo Score of 50.0, indicates a stabilisation in its quality and performance metrics.

Technical Positioning and Moving Averages

The stock’s price action on 2 Jan 2026 saw it trading above its short- and medium-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages, signalling positive momentum in the near term. However, the price remained below the 200-day moving average, which often acts as a longer-term resistance level. This technical setup suggests that while the stock is enjoying strong short-term gains, it may encounter some resistance at higher levels.

Performance Relative to Sensex Over Various Timeframes

REC Ltd’s performance relative to the Sensex over multiple time horizons presents a mixed picture. While the stock has outperformed the benchmark in the short term, with one-day, one-week, one-month, and year-to-date returns all exceeding Sensex gains, its one-year return of -27.15% contrasts sharply with the Sensex’s positive 7.00% return. This divergence highlights the stock’s volatility and the impact of market cycles on its valuation. Nonetheless, its long-term track record remains impressive, with returns over three, five, and ten years significantly outpacing the Sensex.

Summary of Key Metrics

REC Ltd’s market cap grade of 1 confirms its standing as a large-cap entity within the Finance sector. The Mojo Grade upgrade from Sell to Hold on 1 Jan 2026 reflects an improvement in the company’s overall assessment. The stock’s high dividend yield of 5.36% adds to its appeal for income-focused investors. The recent three-day consecutive gains and the intraday high of Rs 379.5 underscore the stock’s current strength in trading sessions.

Conclusion

REC Ltd’s strong intraday performance on 2 Jan 2026, marked by a 3.24% surge to Rs 379.5, highlights its resilience and ability to outperform both its sector and the broader market. The stock’s upward momentum over the past three days, combined with its attractive dividend yield and improved Mojo Grade, positions it as a notable large-cap stock within the Finance sector. While it faces some technical resistance at the 200-day moving average, the current trading action reflects robust investor engagement and positive market sentiment.

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