rec shares

REC shares rally by 3% after signing MoUs of Rs 1.12 lakh crore

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REC shares rally by 3% after signing MoUs of Rs 1.12 lakh crore

The shares of Rural Electrification Corporation (REC) surged by 3% to day’s high of Rs 563.25 on BSE after signing a non-binding Memorandum of Understandings (MoUs) of Rs 1.12 lakh crore over a period of five years. REC signed these MoUs with RE developers at the RE-INVEST 2024 event. These MoUs cover projects based on … Read more

Technical Breakout Stocks: REC, CESC and Power Grid hit fresh highs; here’s how to trade power stocks on Friday

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Technical Breakout Stocks: REC, CESC and Power Grid hit fresh highs; here’s how to trade power stocks on Friday

The Indian market recouped losses and closed in the green on Thursday. The S&P BSE Sensex rose over 100 points while the Nifty50 closed above 22,600 levels. Sectorally, the rally was seen in power and utilities indices, which were up over 1% each, followed by gains in auto and metal stocks. Some profit taking was … Read more