NSE: RECLTD · 21 October 2026
- REC Limited shares moved lower in Tuesday's trading session, declining 0.51% to settle at ₹300.80. The stock opened at ₹303.80, marking a positive gap of 0.48% over its previous close of ₹302.35, before retreating to an intraday low of ₹299.90 and reaching a high of ₹305.00.
- REC Limited announced that it received No Objection Letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited. The scheme remains subject to further statutory approvals, including clearances from the Reserve Bank of India and approvals from respective shareholders and creditors.
- Trading volume was 0.19 times the 20-day average daily volume.
Why is REC share price falling on 21 October 2026?
REC Limited shares moved lower in Tuesday's trading session, declining 0.51% to settle at ₹300.80. The stock opened at ₹303.80, marking a positive gap of 0.48% over its previous close of ₹302.35, before retreating to an intraday low of ₹299.90 and reaching a high of ₹305.00.
On the broader market front, the Nifty index rose 0.36%, reflecting steady overall sentiment. REC Limited's modest pullback aligns with its recent short-term consolidation phase, following a 5-day return of -2.02% and a 20-day return of -3.03%.
Company developments continue to revolve around ongoing corporate actions, including recent regulatory updates regarding its proposed scheme of merger with Power Finance Corporation Limited, alongside regular project-specific subsidiary transfers by its arm RECPDCL. While these structural milestones provide broader context for the public sector enterprise, no single corporate trigger was officially linked to today's minor share price adjustment.
15.43 lakh shares traded by 21 October 2026 · 11:00 AM IST. This compares with a 20-day average daily volume of 79.83 lakh shares (0.19 times). The five-day average daily volume was 77.71 lakh shares. Separately, the NSE report for 19 October 2026 showed 16.64 lakh shares delivered, representing 46.76% of that day’s traded volume. The same report recorded 33,602 trades.
The stock experienced a minor intraday decline of 0.51% on subdued volume running well below its 20-day average. In the absence of direct same-day catalysts, the price action appears consistent with routine consolidation following recent weakness.
Latest Company Developments
REC Limited announced that it received No Objection Letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited. The scheme remains subject to further statutory approvals, including clearances from the Reserve Bank of India and approvals from respective shareholders and creditors.
Clearing exchange observations represents a procedural milestone in the ongoing amalgamation process between the two major public sector lenders.
REC Power Development and Consultancy Limited completed the transfer of its entire shareholding in Nawada Durgapur Power Transmission Limited comprising 50,000 equity shares to successful bidder Shivalaya Construction Limited. The transaction consideration comprised an acquisition price of ₹18,44,62,442, including taxes, professional fees, and expense reimbursements.
Demonstrates the ongoing execution of project-specific subsidiary monetizations following tariff-based competitive bidding processes.
The company announced the receipt of a No Objection Certificate from the Reserve Bank of India concerning the proposed scheme of merger with Power Finance Corporation Limited, subject to specified instructions and conditions.
Securing sector regulator clearance marks a critical step forward in navigating the regulatory approvals required for the amalgamation.
Intimation of receipt of NOC from NSE and BSE in relation to proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited.
REC Q1 Results: Will PSU NBFC Announce Interim Dividend? Date, Time, Key Things To Watch.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.18% on 30 September 2026. This compares with 8.51% on 30 June 2026, a change of -2.33 percentage points.
The filing reported 34 MF/UTI holders.
What to Watch Next
- Progress and further NCLT filings regarding the proposed merger with Power Finance Corporation Limited
- Upcoming financial results and interim dividend announcements
- Delivery percentage trends relative to the 46.76% recorded on October 19, 2026
- Further updates on renewable energy financing and transmission project subsidiary formations
Other Dated Coverage
- REC Limited in Focus After RBI Approves Merger With Power Finance Corp | 16 October 2026 — 16 October 2026
- REC Limited in Focus After Transfer of Transmission Subsidiaries | 14 October 2026 — 14 October 2026
- REC Limited in Focus After Sale of Transmission SPVs; What to Watch | 13 October 2026 — 13 October 2026
More REC news and dated analysis →
Frequently Asked Questions
What is the latest REC company news?
REC Limited announced that it received No Objection Letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited. The scheme remains subject to further statutory approvals, including clearances from the Reserve Bank of India and approvals from respective shareholders and creditors.
How strong was REC’s trading volume?
15.43 lakh shares traded, 0.19 times the 20-day average daily volume. The price and volume data are dated 21 October 2026 · 11:00 AM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.