Mumbai, May 3 — Shares of REC Limited have come under significant selling pressure over the past ten days, slipping nearly 4.71% as market sentiment around the stock turned cautious. Closing at ₹419.95 on May 2, the stock has retreated from its April 23 level of ₹440.15, reflecting growing investor unease amid broader sectoral uncertainties.
Market experts attribute the decline to a combination of profit booking and a dampened outlook in the power finance sector. “The stock is facing resistance at higher levels, and with the current volatility, investors are opting for safer bets,” said a Mumbai-based analyst.
With REC shares continuing to slide, market watchers warn that further downside cannot be ruled out if broader market conditions fail to stabilize. Investors are advised to tread carefully until clearer signals emerge.
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