REC Ltd falls to 52-week low after Q2 profit drop

REC Ltd fell 3.92% to 286.50 on 27 October 2026 and hit a new 52-week low after Q2 profit dropped 21.2%, with the price structure staying bearish. REC Ltd [RECLTD] fell 3.92% on 27 October 2026 to close at 286.50, after touching a fresh 52-week low of 283.65. Q2 FY27 consolidated profit declined 21.2% to Rs 3,477.7 crore from Rs 4,414.9 crore, and net interest income fell 9% to Rs 5,478.4 crore from Rs 6,022 crore. The stock is now over 55% below its July 2024 peak. The daily chart shows a symmetrical triangle that formed during 2026. Price broke below its rising support line near 343 in August, and the fall has continued since. The structure is a clear series of lower highs and lower lows. RSI at 35.41 is below its average of 44.42, so momentum remains weak. What next: The 315 level is the immediate resistance, as the last swing high sits near it. Below the current low, 259 is the next key support. A bounce toward 315 would be a normal relief move within a downtrend, unless price closes above it. Until then, the trend remains bearish. Conclusion: Weak earnings and broken structure keep sellers dominant. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.