Home Stock Market Share price of REC falls as Nifty strengthens

Share price of REC falls as Nifty strengthens

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Shares of Ltd. slipped 0.26 per cent to Rs 133.6 in Thursday’s trade as of 12:46PM (IST). The stock hit a high price of Rs 135.55 and low of Rs 133.4 during the session.

The return on equity (ROE) for the stock stood at 14.04 per cent. Traded volume on the counter stood at 12:46PM shares and turnover at Rs 9.27 crore around that time. The stock of REC Ltd. quoted a 52-week high price of Rs 156.85 and 52-week low prices of Rs 83.7, respectively.

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

Promotor/FII Holding

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

Key Financials

The company reported consolidated sales of Rs 9089.46 crore for the quarter ended 31-Dec-2020, up 3.03 per cent from previous quarter’s Rs 8822.1 crore and up 17.79 per cent from the year-ago quarter’s Rs 7716.72 crore. Net profit after tax for the latest quarter stood at Rs 2257.96 crore, up 35.47 per cent from the same quarter a year ago.


Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.