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REC Ltd drops for fifth straight session

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Capital Market
Last Updated : May 08 2019 | 1:50 PM IST

REC Ltd is quoting at Rs 137.8, down 1.36% on the day as on 13:24 IST on the NSE. The stock jumped 12.4% in last one year as compared to a 6.19% rally in NIFTY and a 12.86% spurt in the Nifty Financial Services index.

REC Ltd fell for a fifth straight session today. The stock is quoting at Rs 137.8, down 1.36% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.79% on the day, quoting at 11406.85. The Sensex is at 37941.62, down 0.88%.REC Ltd has eased around 10.23% in last one month.Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has eased around 2.42% in last one month and is currently quoting at 12363.65, down 0.8% on the day. The volume in the stock stood at 21.4 lakh shares today, compared to the daily average of 53.86 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 138.85, down 1.14% on the day. REC Ltd jumped 12.4% in last one year as compared to a 6.19% rally in NIFTY and a 12.86% spurt in the Nifty Financial Services index.

The PE of the stock is 5.16 based on TTM earnings ending December 18.

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First Published: May 08 2019 | 1:35 PM IST

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