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    REC shares drop 0.51% as Sensex rises

    Synopsis

    The stock quoted a 52-week high of Rs 156.85 and a 52-week low of Rs 83.7.

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.

    INSIGHTS

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    Shares of Ltd. traded 0.51 per cent lower in Tuesday's session at 01:48PM (IST). The stock opened at Rs 128.7 and has touched an intraday high and low of Rs 128.7 and Rs 126.75, respectively, during the session so far.

    The stock quoted a 52-week high of Rs 156.85 and a 52-week low of 83.7. About 54,162 shares changed hands on the counter so far.

    Benchmark Nifty50 was up 111.3 points at 14596.30, while the BSE Sensex traded 373.46 points higher at 48759.97 at the time of writing of this report.

    In the Nifty pack, 36 stocks traded the day in the green, while 14 were in the red.


    Key Financials
    For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 9089.46 crore, up 3.03 per cent from the previous quarter's Rs 8822.1 crore and up 17.79 per cent from the year-ago quarter. The company reported net profit of Rs 2257.96 crore for the latest quarter.

    Promoter Holdings
    Promoters held 52.63 per cent stake in the company as of 31-Mar-2021, while FIIs held 26.75 per cent and MFs 9.07 per cent.

    Technicals
    On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 122.14 on April 27, while the 50-DMA was at Rs 138.95. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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    Read before you invest. Insights on REC Ltd.. Explore Now
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