REC Ltd Opens Strong with 4.59% Gain, Signaling Possible Trend Reversal
REC Ltd, a key player in the Finance/NBFC sector, experienced a notable uptick today after two days of decline, reaching an intraday high. While it outperformed its sector, it remains below several moving averages, indicating a bearish trend. The stock offers a high dividend yield, appealing to income-focused investors.
REC Ltd, a prominent player in the Finance/NBFC sector, has shown significant activity today, opening with a gain of 4.59%. This uptick comes after two consecutive days of decline, marking a potential trend reversal. The stock reached an intraday high of Rs 408.2, reflecting a 6.08% increase at its peak. In terms of performance, REC Ltd outperformed its sector by 2.05%, while the broader market, represented by the Sensex, saw a gain of 2.49%. Over the past month, REC Ltd has recorded a modest increase of 1.49%, contrasting with the Sensex's stronger performance of 8.35%.
Despite today's gains, 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 the short to medium term. The stock also boasts a high dividend yield of 5.3%, appealing to income-focused investors. With a beta of 1.69, REC Ltd is classified as a high beta stock, suggesting it tends to exhibit greater volatility compared to the market.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
