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REC Ltd extends losing spree

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REC Ltd is quoting at Rs 132.9, down 1.12% on the day as on 13:19 IST on the NSE. The stock jumped 9.88% in last one year as compared to a 12.01% rally in NIFTY and a 23.14% spurt in the Nifty Financial Services index.

REC Ltd fell for a fifth straight session today. The stock is quoting at Rs 132.9, down 1.12% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.31% on the day, quoting at 12132.55. The Sensex is at 41198.64, down 0.3%.REC Ltd has eased around 2.6% in last one month.Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has eased around 2.85% in last one month and is currently quoting at 14305.7, down 0.52% on the day. The volume in the stock stood at 30.4 lakh shares today, compared to the daily average of 30.01 lakh shares in last one month.

 

The benchmark January futures contract for the stock is quoting at Rs 133.95, down 0.41% on the day. REC Ltd jumped 9.88% in last one year as compared to a 12.01% rally in NIFTY and a 23.14% spurt in the Nifty Financial Services index.

The PE of the stock is 4.97 based on TTM earnings ending September 19.

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First Published: Jan 22 2020 | 1:35 PM IST

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