REC Share Price Rises 2% After Fresh 52-Week Low; What’s Next?
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REC shares rose 2.24% to ₹299 after hitting a 52-week low of ₹292.20, while the ₹303–₹306 zone remains in focus after the recent technical breakdown.
REC shares snapped a two-session decline on Wednesday, rising more than 2% after the stock hit a fresh 52-week low of ₹292.20 on 29 September 2026. The stock settled at ₹299, up 2.24%.
The rebound came after the recent break below the stock's March 2026 support. Analysts said that level could now act as resistance, while the stock continues to trade below key moving averages.
What Does REC's Technical Setup Show?
The March 2026 support level has been breached, with the breakdown accompanied by significant volumes, according to analysts. That level now becomes an immediate resistance zone.
The REC share price is also trading below its key moving averages. The 100-day EMA is still above the stock and remains a key level to watch. The ₹303–₹306 range, where the recent breakdown took place, could also see selling if the stock moves back towards it.
Wednesday’s rebound came after the stock hit a fresh 52-week low, so the key levels remain on watch.
What Has REC Done On The Funding Front?
In early September, REC completed a pilot issue of tokenised corporate bonds under the SEBI Regulatory Sandbox Framework, raising around ₹500 crore.
The issue had a base size of around ₹100 crore and a green shoe option of around ₹400 crore. It was oversubscribed nearly eight times, with bids of around ₹796 crore. REC accepted around ₹500 crore at a 7.3% annual coupon, with a tenor of one year and nine months.
How Did REC Ltd Perform In Q1?
REC reported a 6% decline in net profit for the first quarter to ₹4,192.7 crore, compared with ₹4,465 crore in the year-ago period. Net interest income also fell 4% to ₹5,453 crore from ₹5,657 crore a year earlier.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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