An analyst from YES Securities said that Hudco is experiencing a significant bearish breakdown after decisively breaching its 200-day SMA, signaling a shift in long-term sentiment.
Morgan Stanley is positive HDB Financial, PNB Housing Finance and Can Fin Homes, as final regulations on Forms of Business and Prudential Regulationas removes overhang of a forced stake sale by promoters.
REC share price : REC stock rose 1.12% to Rs 404.85 against the previous close of Rs 400.35 on BSE. Market cap of the firm rose to Rs 1.06 lakh crore.
REC share price : Total 1.86 lakh shares of the firm changed hands amounting to a turnover of Rs 7.95 crore on BSE. Market cap of the firm climbed to Rs 1.13 lakh crore.
REC shares: The stock rose 5.47 per cent to hit Rs 380 level on BSE. Despite this, the stock is down 25 per cent for 2025 so far. CLSA reduced its target on the stock to Rs 525 against Rs 590 earlier.
REC stock slipped 1.25% to Rs 434.80 against the previous close of Rs 440.30. Market cap of the firm fell to Rs 1.14 lakh crore.
PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.
On REC, ICICI Securities said the company is a pioneer in the non-power book lending with over 40 per cent CAGR since FY22 against 15 per cent CAGR on the overall book, which provides confidence on its execution capabilities in new segments.
SMC Global said that Radico Khaitan is focusing on innovation and strengthening its premium brands and with input cost pressure easing, it expects to deliver steady profitable growth going forward.
Canara Bank, NMDC Ltd, Delta Corp Ltd, TVS Motor, ICICI Bank, Power Finance Corporation Ltd (PFC), REC and SAIL are among a few F&O stocks that have historically showed seasonality and delivered solid gains in October.
Suzlon Energy, one of the prominent names in the renewable energy sector, has been a stock of interest for many investors. However, despite its turnaround efforts and renewed focus on sustainable energy, Dharmesh Kant of Chola Securities advises investors to exercise caution with Suzlon and instead consider Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) as better alternatives.
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