REC's Stock Sees Decline of -3.07% and Rated as 'Hold' by MarketsMOJO

REC, a leading finance and non-banking financial company (NBFC) in the largecap industry, has seen a decline of -3.07% in its stock price on October 17, 2024. This drop has been reflected in the stock call given by MarketsMOJO, which has rated REC's stock as 'Hold'.

The stock's performance today has underperformed the sector by -1.67%, indicating a downward trend. This is further supported by the fact that the stock has fallen after three consecutive days of gains. REC's stock also touched an intraday low of Rs 537.6, representing a decrease of -2.6%.

While REC's stock is currently higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This suggests that the stock may be facing some short-term challenges.

In comparison to the overall market performance, REC's stock has underperformed the Sensex by -2.89% in the past day and -1.59% in the past month. This indicates that the company's stock may not be performing as well as the market as a whole.

Overall, REC's stock has seen a decline in its price and is currently rated as 'Hold' by MarketsMOJO. Investors may want to keep an eye on the stock's performance in the coming days to see if there are any potential changes in its trend.