REC's Stock Sees Decline Despite High Dividend Yield, Investors Advised to Do Their Own Research

REC, a leading finance and NBFC company in the largecap industry, has recently seen a decline in its stock price. On September 19, 2024, the company's stock lost -3.23%, closing at Rs 530.75. This decline has been reflected in the stock call given by MarketsMOJO, which has rated REC's stock as 'Hold'.

In terms of performance, REC has underperformed the sector by -2.63% on the same day. The stock also touched an intraday low of Rs 528.8, showing a decline of -3.09%. However, REC's stock 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.

One positive aspect for investors is that REC has a high dividend yield of 3.02% at the current price. This may be a good opportunity for investors looking for stable returns. However, it is important to note that the stock's performance has not been in line with the overall market trend. On the same day, REC's 1 day performance was -3.59%, while the Sensex's performance was 0.55%. Similarly, in the past month, REC's performance has been -9.87%, while the Sensex's performance was 3.70%.

Overall, REC's stock may be a good option for investors looking for stable returns through dividends. However, the recent decline in stock price and underperformance in the market may be a cause for concern. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.