REC shares snapped a two-session decline to rise more than 2 percent in Wednesday's trading session, according to reports from Moneycontrol. The stock settled at ₹299 per share, up 2.24 percent, marking a recovery from recent weakness. The stock had hit a fresh 52-week low of ₹292.20 per share on the NSE on September 29, indicating significant selling pressure in recent sessions. As per Kotak Neo, REC share price closed at ₹301.3 on NSE and ₹301.15 on BSE as of September 30, 2026, showing continued volatility in the stock price.
According to Vishnu Kant Upadhyay, AVP, Research, Master Capital Services Ltd, as reported by Moneycontrol, the stock breached its crucial March 2026 support, which now becomes an immediate resistance zone, with the breakdown accompanied by significant volumes. From a technical perspective, the stock continues to trade below its key moving averages, keeping the broader trend weak. The 100-day EMA remains an important hurdle, and unless the stock reclaims and sustains above this average, selling pressure is likely to continue. Over the past 52 weeks, the stock has recorded a low of ₹292.20 and a high of ₹390.30, indicating significant price volatility.
REC share price has declined by 5.4% over the past six months and by 14.82% over the last year, as per Kotak Neo data. The stock's market capitalization stands at ₹77,008.64 crore as of September 30, 2026. The company's PE ratio is 4.83 and PB ratio is 0.92 for the current period. Mutual Fund shareholding in REC was 8.51% at the end of September 30, 2026. During today's trading session, REC share price moved between ₹293.00 and ₹301.70, with an average price for the day of ₹297.35, showing intraday volatility.
REC Limited was incorporated in 1969 under the Companies Act as a Government of India enterprise to finance rural electrification projects. It operates under the Ministry of Power and is designated a Maharatna CPSE. Headquartered in New Delhi, REC is listed on both the NSE (RECLTD) and BSE (532955). The company's primary role is financing and promoting power sector projects, including generation, transmission, distribution, renewable energy, and infrastructure, with an increasing focus on clean energy and energy transition. The company was conferred with Maharatna CPSE status in 2024 and has been recognized for excellence in CSR implementation and rural development.
