REC Ltd Shows Potential Trend Reversal Amid Broader Market Dynamics

Jan 14 2025 10:50 AM IST
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REC Ltd, a key player in the finance and NBFC sector, experienced a notable increase on January 14, 2025, outperforming its sector. Despite this rise, the stock remains below its moving averages across various time frames and has seen a significant decline over the past month compared to the broader market.
REC Ltd, a prominent player in the finance and non-banking financial company (NBFC) sector, saw a significant increase of 4.04% on January 14, 2025, allowing it to outperform its sector by 2.62%. The stock reached an intraday high of Rs 464.4, indicating a potential trend reversal after four days of decline.

Despite this recent uptick, REC Ltd is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The company boasts a robust dividend yield of 3.81% based on its current price.

In the context of broader market performance, REC Ltd's one-day gain of 4.26% notably exceeded the Sensex's increase of 0.50%. However, the stock has experienced a decline of 16.43% over the past month, in contrast to a 6.60% drop in the Sensex.
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