Promoter and Institution holdings in REC Ltd. remain unchanged or declining, while the sector averages show stability, indicating a lack of confidence among smart money.

Institutional ownership has decreased by 0.96% YoY and 2.25% QoQ, contrasting with sector averages which show no change, suggesting a divergence in sentiment.

REC Ltd. is not performing well compared to sector leaders like ICONIKSPEV, which saw significant institutional buying, highlighting its position as a laggard in the sector.