REC stock price down 2.88 per cent as Sensex climbs

As per data available on BSE, total traded quantity on the counter stood at 1,053,601 shares with a turnover of Rs 16.91 crore till 01:52PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 3.6, while the price-to-book value ratio stood at 0.6.

Return on equity (ROE) was at 19.39 per cent, according to exchange data. The stock hit an intraday high of Rs 166.15 and a low of Rs 157.85 during the session and quoted a 52-week high price of Rs 168.7 and a 52-week low of Rs 93.7.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 145.53 on October 19, while the 50-DMA was at Rs 153.99. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 54.05. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 52.63 per cent stake in the company, while FIIs held 26.15 per cent and domestic institutional investors had 12.51 per cent.