Rec Stock News Today

REC stock surges 9.5% to ₹555.45 on strong Q4FY24 results, 33% YoY jump in net profit to ₹4,079 crore. Revenue grows 25% YoY. Scrip up 336% from 52-week low. Company aims to be NPA-free by FY25 with debt-raising plan of ₹1.6 lakh crore.

REC Ltd surged 8.5% to Rs 550.50, hitting a 52-week high, following a 33% YoY rise in net profit to Rs 4,079 crore for the quarter ending March. Total income reached Rs 12,706.66 crore, with revenue from operations growing by nearly 24% YoY to Rs 12,677.18 crore.

RECs net profit rose 13.6 percent year-on-year (YoY) to ₹3,269.3 crore for Q3FY24 versus ₹2,878 crore in the same quarter last year. Meanwhile, its net interest income (NII) for the quarter under review grew 18 percent YoY to ₹4,159 crore.

REC’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 300 and 350. Let’s plan a trade around this.

Technically, the stocks day RSI (14) is at 65.7. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 11, which is above its center and signal Line, this is a bullish indicator. Shares of REC are trading higher than the 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages.

American Resources Corporation [NASDAQ: AREC] jumped around 0.15 points on Tuesday, while shares priced at $2.58 at the close of the session, up 6.17%. The company report on October 19, 2021 that American Resources Corporation Begins Engineering and Planning for Restart of Company’s West Virginia

Let’s start up with the current stock price of American Resources Corporation (AREC), which is $2.40 to be very precise. The Stock rose vividly during the last session to $2.51 after opening rate of $2.39 while the lowest price it went was recorded $2.31 before closing at $2.43.Recently in News on