REC Ltd's Stock Price Declines by -3.44% on October 25th, Reflecting Challenges in Finance/NBFC Sector
On October 25th, 2024, REC Ltd, a largecap finance company, experienced a -3.44% decline in its stock price, with an intraday low of Rs 502.3. This underperformance is in line with the overall decline of -2.31% in the finance and NBFC sector. However, the company does offer a high dividend yield of 3.16% at its current price. According to MarketsMojo, the stock call for REC Ltd is 'Hold' based on its recent performance compared to the Sensex. Investors are advised to conduct their own research before making any investment decisions.
REC Ltd, a largecap finance company, saw a decline of -3.44% in its stock price on October 25th, 2024. This underperformance was reflected in the stock's movement throughout the day, with an intraday low of Rs 502.3, a decrease of -3.77%. The stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.
The finance and NBFC sector as a whole has also seen a decline of -2.31%, further highlighting the challenges faced by REC Ltd. However, the company does offer a high dividend yield of 3.16% at its current price.
According to MarketsMOJO, a leading stock analysis platform, the stock call for REC Ltd is 'Hold'. This is based on the company's recent performance, with a -3.35% decline in the past day and a -7.36% decline in the past month, compared to the Sensex's -0.99% and -6.92% performance, respectively.
It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative overview of REC Ltd's recent stock performance in the finance/NBFC industry. As always, investors are advised to conduct their own research and make informed decisions when it comes to their investments.
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