Ankit Teacher
Shares of state-run REC Ltd. and Power Finance Corporation Ltd. closed with losses ranging between 2.5% and 4% on Monday, making them among the top losers on the Nifty PSE index, which itself dropped nearly 2%.
Following Monday’s decline, the shares of both REC and PFC have fallen in three out of the last four trading sessions. Additionally, both stocks have corrected by 11% from their respective record highs.