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Monday, 17 April 2017

A leading public Infrastructure Finance Company in India’s power sector, Rural Electrification Corporation Limited has shown some startling movements in Monday’s trading session.

The stock was trading in positive territory till the pre-lunch hours but witnessed sharp decline to intraday low of Rs 198.30 per share down by 4.1%.

The stock is trading in negative territory in the post lunch hours. As of 1438 hours on BSE in Monday’s trade, there is 1,51,562 selling quantity as against 82,989 buying quantity. The stock’s percentage deliverable quantity to traded quantity is seen to be declining for past five consecutive trading sessions.

The other NBFC stocks like Power Finance Corporation Limited and IFCI Limited also witnessed similar movements in Monday’s trading session.

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