REC, IREDA, BEL, Rail Vikas Nigam, NTPC Green Energy, SAIL and Dredging Corporation Share Price Faces Further Decline
REC, IREDA, BEL, Rail Vikas Nigam, NTPC Green Energy, SAIL and Dredging Corporation shares faced further downward pressure in today's session. While overall markets turned positive, Public Sector stocks were largely trading in the negative territory. REC is trading near Rs. 479, reflecting stability but with potential for upside if it crosses key Fibonacci levels like Rs. 531.15. With a strong dividend yield of 3.68% and a low P/E ratio of 8.18, REC presents value-oriented appeal for long-term investors.
IREDA, trading around Rs. 206, shows a high valuation with a P/E ratio of 35.05, indicating optimism in its renewable energy growth. A breakout beyond Rs. 237.82 could signal further bullish momentum, but investors should consider its elevated valuations.
Bharat Electronics, at Rs. 279, stands at a crucial support zone near Rs. 276.04. Despite a high P/E ratio of 43.54, its strategic position in defense electronics offers growth opportunities, with Rs. 340.50 as a key resistance.
Rail Vikas Nigam, trading at Rs. 420, is supported by infrastructure demand. A move above Rs. 430.03 may unlock bullish momentum, with Rs. 481.23 acting as a critical level.
NTPC Green Energy, near Rs. 117.98, operates at lofty valuations with a P/E ratio of 307.09. It faces resistance near Rs. 132.38, driven by its renewable energy narrative.
SAIL, at Rs. 110, offers value with a low P/E ratio of 17.53, showing potential for recovery toward Rs. 128.57.
Finally, Dredging Corporation, at Rs. 753, remains speculative but could target Rs. 933.92 if momentum strengthens.
Stock Data
| Stock | Open | High | Low | Mkt Cap | P/E Ratio | Div Yield | 52-wk High | 52-wk Low |
|---|---|---|---|---|---|---|---|---|
| REC | Rs 479.00 | Rs 479.00 | Rs 453.20 | 1.22 LCr | 8.18 | 3.68% | Rs 654.00 | Rs 408.30 |
| IREDA | Rs 205.50 | Rs 206.45 | Rs 197.57 | 53.85 KCr | 35.05 | - | Rs 310.00 | Rs 121.05 |
| Bharat Electronics | Rs 279.00 | Rs 279.30 | Rs 266.30 | 1.98 LCr | 43.54 | 0.81% | Rs 340.50 | Rs 171.75 |
| Rail Vikas Nigam | Rs 420.50 | Rs 423.00 | Rs 398.65 | 85.08 KCr | 63.44 | 0.51% | Rs 647.00 | Rs 213.05 |
| NTPC Green Energy | Rs 117.80 | Rs 117.98 | Rs 112.65 | 96.23 KCr | 307.09 | - | Rs 155.35 | Rs 109.41 |
| SAIL | Rs 109.51 | Rs 110.40 | Rs 104.77 | 44.25 KCr | 17.53 | 1.87% | Rs 175.35 | Rs 99.66 |
| Dredging Corporation | Rs 753.60 | Rs 753.60 | Rs 720.20 | 2.06 KCr | - | - | Rs 1457.95 | Rs 610.00 |
Fibonacci Levels for Each Stock
| 0% (Low) | 23.6% | 38.2% | 50% | 61.8% | 100% (High) | |
|---|---|---|---|---|---|---|
| REC | Rs 408.30 | Rs 466.29 | Rs 502.16 | Rs 531.15 | Rs 560.14 | Rs 654.00 |
| IREDA | Rs 121.05 | Rs 165.64 | Rs 193.23 | Rs 215.53 | Rs 237.82 | Rs 310.00 |
| Bharat Electronics | Rs 171.75 | Rs 211.58 | Rs 236.21 | Rs 256.13 | Rs 276.04 | Rs 340.50 |
| Rail Vikas Nigam | Rs 213.05 | Rs 315.46 | Rs 378.82 | Rs 430.03 | Rs 481.23 | Rs 647.00 |
| NTPC Green Energy | Rs 109.41 | Rs 120.25 | Rs 126.96 | Rs 132.38 | Rs 137.80 | Rs 155.35 |
| SAIL | Rs 99.66 | Rs 117.52 | Rs 128.57 | Rs 137.51 | Rs 146.44 | Rs 175.35 |
| Dredging Corporation | Rs 610.00 | Rs 810.12 | Rs 933.92 | Rs 1033.98 | Rs 1134.03 | Rs 1457.95 |
Insights for Each Stock
REC: Currently trading near Rs 479, REC’s technical levels suggest significant upside if it breaks the Rs 531.15 Fibonacci level. The stock benefits from a strong dividend yield of 3.68%. Watch for key resistance at Rs 560.14.
IREDA: Trading near Rs 206, IREDA is positioned at higher valuations with a P/E ratio of 35.05. A move above Rs 237.82 could indicate bullish momentum. Investors should monitor its growth trajectory in renewable energy.
Bharat Electronics: Trading near Rs 279, the stock is at a critical support zone near Rs 276.04. With a high P/E of 43.54, further upside hinges on breaking Rs 340.50. Its focus on defense electronics ensures steady growth prospects.
Rail Vikas Nigam: Trading at Rs 420, this stock shows bullish potential if it sustains above Rs 430.03. A break past Rs 481.23 could target its 52-week high. Investors should focus on government infrastructure projects driving its growth.
NTPC Green Energy: Currently near Rs 117.98, the stock’s Fibonacci level of Rs 132.38 acts as a strong resistance. With a high P/E of 307.09, valuation risks are evident. Renewable energy focus supports its long-term appeal.
SAIL: Trading around Rs 110, SAIL’s immediate resistance lies at Rs 117.52. The stock offers value with a P/E of 17.53 and a dividend yield of 1.87%. Watch for a move toward Rs 128.57 for bullish confirmation.
Dredging Corporation: Trading near Rs 753, the stock shows potential if it rebounds from Rs 810.12. Breaking Rs 933.92 could indicate significant momentum.
