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

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

As of 31-Dec-2020, promoters held 52.63 per cent stake in the company, while FIIs held 26.37 per cent and domestic institutional investors had 9.45 per cent.

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

As per data available on BSE, total traded quantity on the counter stood at 460,556 shares with a turnover of Rs 6.53 crore till 01:36PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 4.07, while the price-to-book value ratio stood at 0.5.

Return on equity (ROE) was at 14.04 per cent, according to exchange data. The stock hit an intraday high of Rs 142.8 and a low of Rs 139.7 during the session and quoted a 52-week high price of Rs 156.85 and a 52-week low of Rs 79.0.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 119.73 on March 22, while the 50-DMA was at Rs 144.77. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 43.44. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2020, promoters held 52.63 per cent stake in the company, while overseas investors held 26.37 per cent and domestic institutional investors had 9.45 per cent.

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