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REC is a Navratna company under the administrative control of the Ministry of Power. It funds its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings.

The stock quoted a 52-week high price of Rs 2773.0 and a 52-week low of Rs 1750.81.

The Nikkei share average rose 1.23% to 29,222.77, its highest closing level since Jan. 5. The broader Topix advanced 1.26% to 2,006.99."Strong U.S. equities lifted investor sentiment," said Takatoshi Itoshima, a strategist at Pictet Asset Management Japan. "Investors responded to the upbeat earnings of U.S. retailers."

The Relative Strength Index of the stock stood at 57.74 on Wednesday.

A total of 32,958 shares changed hands on the counter till 01:55PM (IST).

“The peak is behind us for sure but our portfolios or our thought processes/ corpuses are consistent. We have got new trade norms and within those trade norms, prices of everything that were deflationary for almost a decade will have some kind of pricing power going into the remainder of the 2020s to 2030s.”

On the technical charts, the RSI of the stock stood at 38.32.

Glenmark Pharmaceuticals Ltd., incorporated in the year 1977, is a Mid Cap company (having a market cap of Rs 11075.10 Crore) operating in Pharmaceuticals sector.

Among Sensex constituents, Asian Paints has rallied 35.47 per cent since June 17 to Rs 3,499.65 level from Rs 2,583.20, even as the stock is still flatish for 2022 so far. With prices of crude and crude derivatives easing, Asian Paints has come out with better-than-expected results, leading to 3.6 per cent revision in consensus EPS estimates for FY23 and 3.1 per cent upgrade for FY24 estimates.

Affle (India) Ltd. key Products/Revenue Segments include Media Entertainment and Other Operating Revenue for the year ending 31-Mar-2021.