REC Ltd's Stock Price Declines by -3.15% on November 5th, 2024

Nov 05 2024 12:05 PM IST
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On November 5th, 2024, REC Ltd, a largecap finance company, saw a -3.15% decline in its stock price, with MarketsMojo giving a 'Hold' call. The stock has underperformed the sector by -2.24% and has been on a consecutive fall for 2 days, currently trading below its moving averages. Despite this, it offers a high dividend yield of 3.18%.

REC Ltd, a largecap finance company, has seen a decline in its stock price by -3.15% on November 5th, 2024. This has been reflected in the stock call given by MarketsMOJO, which is 'Hold'. The stock has underperformed the sector by -2.24% and has been on a consecutive fall for the last 2 days, with a decline of -4.92% during this period.

On the day of November 5th, REC Ltd's stock touched an intraday low of Rs 500.65, which is a decrease of -3.38%. The stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

Despite the recent decline in stock price, REC Ltd is offering a high dividend yield of 3.18% at the current price. However, it is important to note that the stock's performance has been lower than the Sensex, with a -3.17% return in the last 1 day and a -4.27% return in the last 1 month, compared to the Sensex's -0.56% and -4.10% returns, respectively.

Investors should keep an eye on REC Ltd's stock performance in the coming days to make informed decisions about their investments. This news article is for informational purposes only and does not offer any recommendations or predictions about the future potential of REC Ltd.
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