REC Ltd. Share Price

IEX: OCTOBER 2026 ELECTRICITY TRADED VOLUME RISES 16.5% YoY

IEX: OCTOBER 2026 ELECTRICITY TRADED VOLUME RISES 16.5% YoY TO 13.1 BU • Total Volume: Electricity traded volume stood at 13,092 MU in October 2026, registering 16.5% YoY growth. • RTM & TAM Growth: Real-Time Market (RTM) volume increased 23.7% YoY to 5,670 MU, while Term-Ahead Market (TAM) volume surged 138.8% YoY to 2,175 MU. • DAM Performance: Day-Ahead Market (DAM) volume declined 3.8% YoY to 4,508 MU, compared with 4,684 MU in October 2025. • DAM Pricing: Average clearing price increased 149% YoY to ₹6.66/unit from ₹2.67/unit, supported by a 265% YoY jump in buy bids. • RTM Pricing: Average clearing price rose 112% YoY to ₹5.78/unit, although near-zero prices were observed in several time blocks towards the end of the month amid softer demand. • Green Market: Green market volume declined 30% YoY to 738 MU, while the G-DAM weighted average price increased 67% YoY to ₹4.13/unit. • Renewable Energy Certificates: REC trading volume increased 97.5% YoY to 12.22 lakh certificates, with clearing prices of ₹338 and ₹330 per REC. Impact: Positive – Total traded volume recorded healthy growth, supported by strong RTM and TAM performance. Sharply higher DAM and RTM clearing prices also indicate improved market pricing. However, declining DAM and green market volumes remain monitorable.

Understanding Earnings Pressure in Power Financing

REC Ltd. RECLTD a major power-sector financing institution, reported a 21.2% decline in net profit to ₹3,478 crore, accompanied by a 9% fall in net interest income. These developments make REC an interesting case study for understanding financial institutions that fund electricity generation, transmission and distribution projects. Investors should assess borrowing costs, lending yields, credit quality, loan concentration, asset-liability management and provisions. Power-sector lending can offer long-term financing opportunities, but financial performance is influenced by funding conditions and the repayment capacity of borrowers. The learning takeaway is that lower net interest income can signal pressure on a lender's earnings engine, making funding costs and loan quality essential areas of analysis.

STOCKS IN FOCUS TODAY | OCTOBER 28 - 2026

The market will be tracking fresh quarterly results, IPO listing action and company-specific developments today. Here are the stocks in focus and the key reasons behind them. POSITIVE CATALYSTS 1. Jio Platforms Jio Platforms is in focus as it prepares for its much-awaited debut following its ₹30,200 crore IPO. Grey market indications ahead of listing point to a premium of around 22% over the issue price. The listing price and trading volumes will be closely watched to gauge investor demand. 2. Bajaj Auto Bajaj Auto reported a 62% YoY jump in consolidated net profit to ₹3,436.1 crore in Q2, beating market expectations. Strong domestic demand for premium motorcycles and improving export realisations supported the performance. Investors will track whether this momentum continues in the coming quarters. 3. Tata Consumer Products Tata Consumer Products posted a 17.6% YoY increase in quarterly net profit to ₹467 crore. EBITDA margin improved to 13.84%, supported by a better product mix and pricing. The focus will remain on profitability, demand trends and margin sustainability. EARNINGS PRESSURE 4. Maruti Suzuki India Maruti Suzuki is in focus after its Q2 results showed pressure on margins. Higher retail discounts and weaker demand in urban entry-level passenger vehicle segments affected earnings performance. Investors will watch demand recovery, discount levels and profitability in the next quarter. 5. REC Limited REC reported a 21.2% YoY decline in net profit to ₹3,477.73 crore. Higher borrowing costs affected lending spreads and weighed on earnings. The movement in funding costs, loan growth and net interest margins will be important factors to track. 6. DCM Shriram DCM Shriram reported a 34.1% YoY fall in net profit to ₹104.60 crore, even as revenue grew 18.3%. Operating margin declined from 11.94% to 7.7%, with higher raw material costs putting pressure on profitability. The key focus is on input costs and the pace of margin recovery.

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.

REC LIMITED PROFIT DECLINES 21% DESPITE STABLE REVENUE

REC LIMITED PROFIT DECLINES 21% DESPITE STABLE REVENUE !RECLTD Reports Lower Quarterly Profit: Why Investors Should Look Beyond Revenue Not every earnings announcement brings positive news for investors. Sometimes revenue remains relatively stable while profitability weakens and that is where a deeper analysis becomes important. REC Limited reported second-quarter revenue of ₹15000 crore compared with ₹15153 crore in the corresponding period last year. Net profit declined 21% to ₹3478 crore from ₹4415 crore while gross profit fell 5% to ₹13903 crore. The difference between relatively stable revenue and declining net profit deserves attention. My Key Observations 1. Revenue Remains Nearly Stable The reported revenue decline was limited to approximately 1%. This suggests that the larger concern in these figures is the decline in profitability rather than a sharp fall in revenue. 2. Net Profit Shows Greater Pressure Net profit declined 21% year-on-year. Investors should investigate the factors behind this fall including funding costs provisions expenses and other items disclosed in the company's full financial statements. 3. What Should Investors Watch? For a power-sector financing company asset quality borrowing costs loan growth and credit provisions are important indicators. These factors help investors understand whether a decline in profit is temporary or reflects more persistent pressure. My Market View In my view investors should avoid making decisions based on revenue alone. Profitability and the quality of earnings are equally important when evaluating a financial institution. REC's reported profit decline makes the stock worth monitoring but the next market move will depend on the detailed earnings explanation valuation and price action. The key takeaway: Stable revenue does not necessarily mean stable earnings. Investors should understand what is driving the change in profitability before forming a view.

Q2 FY27 Earnings Schedule: Paytm and Tata Consumer

PAYTM The Q2 earnings season for the financial year 2026-27 (Q2 FY27) continues as numerous corporate entities line up to release their financial updates for the July-September quarter. A total of 90 companies are scheduled to announce their quarterly financial results today. Among the key corporations set to report their quarterly performance are One 97 Communications (Paytm), Tata Consumer Products, Mankind Pharma, REC, Bank of Maharashtra, and ITC Hotels. Investors and market participants will monitor these financial announcements closely for critical updates regarding quarterly revenue growth, net profit, operating margins, and forward-looking management guidance. These disclosures are expected to provide broader insights into sector-specific business performance, operational efficiency, and prevailing macroeconomic demand trends across the financial services, pharmaceutical, consumer goods, and hospitality segments.