REC Ltd's Stock Performance Shows Positive Trend, Outperforms Sector by 3.09%

Oct 24 2024 10:50 AM IST
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On October 24th, 2024, REC Ltd, a largecap finance company, saw a positive trend in its stock performance, gaining 3.79% and outperforming the sector by 3.09%. This comes after three days of falling prices, indicating a potential trend reversal. The stock also has a high dividend yield of 3.26% and has outperformed the Sensex in the past day and month. MarketsMojo has given a 'Hold' call for the stock.

REC Ltd, a largecap finance company, saw a positive trend in its stock performance on October 24th, 2024. The stock gained 3.79%, outperforming the sector by 3.09%. This comes after three consecutive days of falling stock prices, indicating a potential trend reversal.

The stock also reached an intraday high of Rs 524.05, showing a 3.67% increase. However, it is currently trading higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This suggests a mixed trend in the stock's performance.

Investors may also be interested to know that REC Ltd has a high dividend yield of 3.26% at the current price. This could be an attractive factor for those looking for stable returns.

In comparison to the overall market performance, REC Ltd has outperformed the Sensex by 3.66% in the past day and -4.46% in the past month. This indicates a relatively strong performance by the company, despite the market's recent downturn.

MarketsMOJO has given a 'Hold' call for REC Ltd, suggesting a neutral stance on the stock. With a focus on the finance and NBFC industry, REC Ltd continues to show promising performance and may be worth considering for investors.
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