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REC Ltd tumbles around 3% on sustained selling pressure

Capital Market 

REC Ltd is quoting at Rs 139.05, down 2.93% on the day as on 13:19 IST on the NSE. The stock jumped 24.65% in last one year as compared to a 3.47% slide in NIFTY and a 10.53% spurt in the Nifty Financial Services index.

REC Ltd is down for a fifth straight session today. The stock is quoting at Rs 139.05, down 2.93% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.05% on the day, quoting at 10887.9. The Sensex is at 36722, down 1.08%.REC Ltd has lost around 5.44% in last one month.Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has eased around 2.41% in last one month and is currently quoting at 12397.7, down 1.35% on the day. The volume in the stock stood at 36.1 lakh shares today, compared to the daily average of 56.42 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 138.7, down 3.58% on the day. REC Ltd jumped 24.65% in last one year as compared to a 3.47% slide in NIFTY and a 10.53% spurt in the Nifty Financial Services index.

The PE of the stock is 4.88 based on TTM earnings ending June 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 17 2019. 13:35 IST
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