LIC crosses 5% stake in REC Limited via market purchase
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty 100 and 0.3 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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LIC acquired 9,93,000 shares (0.038%) of REC Limited through market purchase on 7 Sept 2026, raising its holding from 4.993% to 5.031%, crossing the 5% disclosure threshold. LIC is not part of the promoter group.
A major institutional investor crossing the 5% threshold signals confidence and may lend support to the stock.