REC Stock Gains 3.39% and Receives 'Buy' Call from MarketsMOJO

REC, a leading finance and NBFC company, has been making waves in the stock market with its recent performance. On July 26, 2024, the company's stock gained 3.39%, closing at Rs 638.5. This positive movement has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock is currently trading close to its 52-week high of Rs 653.9, with only a 4.41% difference. This shows the strong potential for further growth in the stock. In fact, REC has outperformed the sector by 1.1% today, indicating its strength in the market.

REC has been on a consecutive gain streak for the last 3 days, with a 5.25% increase in returns during this period. The stock also touched an intraday high of Rs 627.3, showing its upward momentum.

In terms of moving averages, REC is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong bullish trend for the stock.

The finance and NBFC sector has also seen a positive trend, with a 2.23% gain. This further supports REC's performance in the market.

In comparison to the Sensex, REC has outperformed with a 1-day performance of 3.01% against Sensex's 1.16%. In the last month, REC has shown a remarkable 21.46% increase, while Sensex has only gained 2.92%.

Overall, REC's recent performance in the stock market has been impressive, with strong gains and outperforming the sector and Sensex. With a 'Buy' call from MarketsMOJO, investors can consider adding REC to their portfolio for potential growth.