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REC Ltd sees good buying

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Capital Market
Last Updated : Aug 27 2019 | 3:31 PM IST

REC Ltd is quoting at Rs 145.05, up 1.43% on the day as on 12:54 IST on the NSE. The stock is up 26.46% in last one year as compared to a 5.39% drop in NIFTY and a 7.08% drop in the Nifty Financial Services index.

REC Ltd gained for a third straight session today. The stock is quoting at Rs 145.05, up 1.43% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 11106.15. The Sensex is at 37628.39, up 0.36%. REC Ltd has risen around 2.69% in last one month.

Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has risen around 1.52% in last one month and is currently quoting at 12563.65, up 0.54% on the day. The volume in the stock stood at 20.68 lakh shares today, compared to the daily average of 55.74 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 145.15, up 1.22% on the day. REC Ltd is up 26.46% in last one year as compared to a 5.39% drop in NIFTY and a 7.08% drop in the Nifty Financial Services index.

The PE of the stock is 4.87 based on TTM earnings ending June 19.

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First Published: Aug 27 2019 | 1:05 PM IST

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