Shares of REC NSE -2.89 % Ltd. traded 2.4 per cent lower in Wednesday's session at 01:07PM (IST). The stock opened at Rs 102.2 and has touched an intraday high and low of Rs 102.85 and Rs 99.45, respectively, during the session so far.

The stock quoted a 52-week high of Rs 157.25 and a 52-week low of 79.0. About 141,237 shares changed hands on the counter so far.

Benchmark Nifty50 was down 41.95 points at 11111.70, while the BSE Sensex traded 112.35 points lower at 37621.73 at the time of writing of this report.




In the Nifty pack, 18 stocks traded the day in the green, while 30 were in the red.


Key Financials
For the quarter ended 30-Jun-2020, the company reported consolidated sales of Rs 8105.23 crore, up 4.48 per cent from the previous quarter's Rs 7757.78 crore and up 16.2 per cent from the year-ago quarter. The company reported net profit of Rs 1845.3 crore for the latest quarter.

Promoter Holdings
Promoters held 52.63 per cent stake in the company as of 30-Jun-2020, while FIIs held 26.59 per cent and MFs 9.3 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 112.33 on September 23, while the 50-DMA was at Rs 107.24. 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.