REC Ltd. stock price down 1.96 per cent as Sensex slides

Shares of Ltd. fell 1.96 per cent to Rs 140.0 at 01:36PM hours (IST) on Monday. Earlier within the day, the stock noticed a begin to the session.

As per information accessible on BSE, whole traded amount on the counter stood at 460,556 shares with a turnover of Rs 6.53 crore until 01:36PM (IST). The stock traded at a price-to-earnings (P/E) a number of of 4.07, whereas the price-to-book worth ratio stood at 0.5.

Return on fairness (ROE) was at 14.04 per cent, in line with trade information. The stock hit an intraday excessive of Rs 142.8 and a low of Rs 139.7 through the session and quoted a 52-week excessive price of Rs 156.85 and a 52-week low of Rs 79.0.

The stock’s beta worth, which measures its volatility in relation to the broader market, stood at 1.27.

Technical Indicators

The 200-DMA (day shifting common) of the stock stood at Rs 119.73 on March 22, whereas the 50-DMA was at Rs 144.77. If a stock trades above 50-DMA and 200-DMA, it often means the rapid development is upward. On the opposite hand, if the stock trades beneath 50-DMA and 200-DMA, it’s thought of a bearish development. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go both method.

The Relative Strength Index (RSI) of the stood at 43.44. The RSI oscillates between zero and 100. Traditionally, a stock is taken into account overbought when the RSI worth stands above 70 and oversold when it’s beneath 30.

Promoter holding

As of 31-Dec-2020, promoters held 52.63 per cent stake within the firm, whereas abroad traders held 26.37 per cent and home institutional traders had 9.45 per cent.