Page 69 - Rec News Today

RECs total income in the first quarter of the current fiscal rose to Rs 11,091.77 crore, up from Rs 9,506.06 crore in the same period a year ago.

The funds will be used to develop renewable projects across the country, including solar and wind for commercial and industrial customers, utility projects and green hydrogen derivatives, and will strengthen the company by ensuring the financial closure for future projects.

​And that is one more reason why the stock is probably down. So I think both in the news, as well as the expectations in terms of being held by 40% by the parent company itself, entailing a holding company discount for minority shareholders.

I tell you honestly we have moved to cash quite a bit now. We are almost 30% plus in cash at this point of time and we will wait to see what happens to the market.

Technically, the day RSI (14) is at 81.2. The RSI below 30 is considered oversold and above 70 is overbought, Trendlyne data showed. MACD is at 2.6, which is above its center and signal Line, this is a bullish indicator.

As nifty continues to form a new high every day, more number of mid-caps stocks are joining the party. Stocks from sectors like logistics, mid sized banks and FMCG have come to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The state-owned firm also inked an initial pact with REC for securing finance of Rs 50,000 crore for projects of its subsidiaries and joint ventures. REC will provide financial assistance to set up new power generating stations based on conventional and renewable sources of energy, according to a statement on Friday.

“The crucial support for Nifty is at 19,600 levels because put writers are still comfortable with the idea of 19,600 holding as a medium-term support. So, as long as Nifty is defending and holding 19,600, it can definitely bounce back to 19,800, 19,900, 20,000 odd levels again,” says JM Financials .Soni Patnaik.

Except for one trading session in which nifty witnessed a sharp cut, nifty and sensex have been moving higher for the last one month. During this period, some stocks have witnessed consistent improvement in their scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in...

PMI Electro Mobility signs agreement with REC for financial assistance worth Rs 480 crore - Electric commercial vehicles producer PMI Electro Mobility declared it reached a deal with public-sector enterprise REC Limited to provide...