REC Ltd's Stock Hits 52-Week High, Receives 'Buy' Call from MarketsMOJO

REC Ltd, a leading finance and NBFC company, has been making waves in the stock market with its recent performance. On July 12, 2024, the company's stock price reached a new 52-week high, hitting Rs.653.9. This is a significant milestone for the company, showcasing its strong growth and potential in the finance industry.

MarketsMOJO, a renowned stock market analysis platform, has given a 'Buy' call for REC, further solidifying its positive outlook. The stock has also outperformed the sector by 0.59% today, indicating its strong position in the market.

REC has been on a winning streak for the past 8 days, with a consecutive gain of 20.86% in this period. This impressive performance has been driven by the company's consistent growth and strong financials. In fact, REC is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing its strong momentum in the market.

Investors can also benefit from REC's high dividend yield of 3.14% at the current price. This is a testament to the company's commitment to providing value to its shareholders.

In the past year, REC has outperformed the Sensex by a whopping 284.73%, while the Sensex has only seen a growth of 22.67%. This further highlights the company's strong performance and potential for growth in the finance industry.

With its recent achievements and positive outlook, REC is definitely a stock to watch out for in the largecap category. Investors can consider adding this stock to their portfolio for long-term growth and returns.