REC share price: REC shares gain 0.42% as Sensex falls

Shares of Ltd. traded 0.42 per cent higher in Friday’s session at 10:41AM (IST). The stock opened at Rs 143.0 and has touched an intraday high and low of Rs 144.75 and Rs 142.8, respectively, during the session so far.

The stock quoted a 52-week high of Rs 167.75 and a 52-week low of 91.9. About 84,555 shares changed hands on the counter so far.

Benchmark Nifty50 was down 8.0 points at 15719.90, while the BSE Sensex traded 43.77 points lower at 52525.17 at the time of writing of this report.

In the Nifty pack, 26 stocks traded the day in the green, while 24 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 9215.76 crore, up 1.39 per cent from the previous quarter’s Rs 9089.46 crore and up 16.6 per cent from the year-ago quarter. The company reported net profit of Rs 2077.84 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 131.71 on July 09, while the 50-DMA was at Rs 144.68. 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.