REC stocks: Sell REC, target price Rs 236.5 : ICICI Direct
REC, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 62407.41 Crore) operating in Term Lending Institutions sector.
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REC, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 62407.41 Crore) operating in Term Lending Institutions sector.
Sterlite Power has secured a green energy transmission order for Rajasthan Phase-III (20GW), a statement said. The project includes construction of 350km 765Kv electricity transmission corridor. However, the company did not disclose the value of the order.
As per options data call writers are dominant for the day with calls written over twice of put written at 19300 levels. Key resistance for the day can be seen at 19400 strike followed by 19500 and 19600. According to ICICI Securities, if Nifty sustains below 19300 levels than the current profit booking might extend towards 19150.
As of August 18, Friday, ETMarkets identified the overbought status of the chosen stocks. Given the dynamic nature of markets, remember that market conditions can change rapidly. The status of stocks trading in an overbought zone on August 21, Monday, will be updated after market hours.
The India growth story is intact, but can our high valuations sustain in the backdrop of a bleak global economy?