REC has been a very good high dividend yield play. In past few years, the dividend yield has ranged from 7 to 10% depending upon what price you have bought the stock. The benefit it enjoys is that it gets funds at very cheap rates and hence margins usually remain steady.
I do not know why it has remained subdued in its price performance till now, probably because of fears of default in power sector, or some other reason. Even PFC which is listed as promoter of REC suffers from similar fate.
Technically it faces resistance at around 126-127 and once it crosses this resistance, it can head towards next resistance at 175.
@ram1984 I don’t track RACL geartech.
| Subscribe To Our Free Newsletter |
