REC shares gain 0.37% as Sensex falls

economictimes.indiatimes.com:

REC Ltd. traded 0.37 per cent higher in Thursday's session at 11:41AM (IST). The stock opened at Rs 589.35 and has touched an intraday high and low of Rs 593.0 and Rs 582.1, respectively, during the session so far.
The stock quoted a 52-week high of Rs 653.9 and a 52-week low of 208.05. About 190,279 shares changed hands on the counter so far.

Benchmark Nifty50 was down 93.96 points at 24203.55, while the BSE Sensex traded 273.45 points lower at 79194.56 at the time of writing of this report.
In the Nifty pack, 12 stocks traded the day in the green, while 38 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 13092.44 crore, up 3.04 per cent from the previous quarter's Rs 12706.66 crore and up 18.04 per cent from the year-ago quarter. The company reported net profit of Rs 3460.19 crore for the latest quarter.
Promoter Holdings Promoters held 52.63 per cent stake in the company as of 30-Jun-2024, while FIIs held 20.43 per cent and MFs 9.11 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 466.7 on August 08, while the 50-DMA was at Rs 567.22. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.