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    REC stock price up 2.31 per cent as Sensex climbs

    Synopsis

    As of 30-Sep-2021, promoters held 52.63 per cent stake in the company, while FIIs held 26.82 per cent and domestic institutional investors had 9.29 per cent.

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    Shares of Ltd. rose 2.31 per cent to Rs 154.75 at 10:20AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

    As per data available on BSE, total traded quantity on the counter stood at 158,692 shares with a turnover of Rs 2.45 crore till 10:20AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 3.29, while the price-to-book value ratio stood at 0.6.

    Return on equity (ROE) was at 19.39 per cent, according to exchange data. The stock hit an intraday high of Rs 155.55 and a low of Rs 151.8 during the session and quoted a 52-week high price of Rs 168.7 and a 52-week low of Rs 102.9.

    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 146.23 on November 03, while the 50-DMA was at Rs 154.62. 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 50.55. 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 30-Sep-2021, promoters held 52.63 per cent stake in the company, while FIIs held 26.82 per cent and domestic institutional investors had 9.48 per cent.

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