S P Tulsian estimated Powegrid's listing at 76 and advised profit booking above 86. But it listed above 85 never went below listing price. Think about it.
So now it is clear that the share will go above rs 150, as today the market did well and are in pull back mode so REc will definitly have good listing. And if in current scenario if it gives 20-30% premium than to it is not a bad stock.
Markets are still not showing any signs of recovery though it recovered a bit today. More than 50% recent listings are trading below issue price. People are not so enthusistic about primary market. In such a scenario, the state-run Rural Electrification Corporation, REC will list on the bourses with equity shares on Wednesday, March 12, 2008. Experts believe that the stock is likely to list around Rs 120-125.
Investment Advisor, S P Tulsian said, "Rural Electrification having issued shares at Rs 105 is likely to list at Rs 120. Profit booking is advised above Rs 130."
According to R S Iyer of KR Choksey Securities, "REC is expected to list around Rs 125. One should sell the stock above Rs 150, till that one can hold."
It has been fixed issue price of Rs 105 per share for its initial public offer of 15.61 crore shares of Rs 10 each. The issue got subscribed by 27.91 times.
The Company proposed to utilize the net proceeds from the fresh issue to augment its capital base to improve its borrowing capacity in order to support the future growth in its assets.
Bumper opening for rec tomm looking at how power grid,power finance,ntpc ,ptc went up rec would definetely reach 200 tomm. As Everybody knows the more you hold public sector the more good it is for long term. Rec got excellent boost from budget. Buy as many as u can if sitting on cash. all these stocks good for long term-- dlf,mundraport,powergrid,ntpc,power finance and now rec
Can any one tell when I can sell new IPO shares? I have icicidemat account. How many days it will take to credit in my account? I was allotted with 81 shares.
i have applied for rec ipo shares but i did not get my refund. application no 41747552. dp id no 1201640200 033271 share applied 300 share alloted 60 can u please let me know when i can get the refund.
I have been alloted 1 lot against application of 3 lots,but am yet to get the refund.The listing date is tommorw(12/3/8).when will i get back the refund???
hi I have applied for REC IPO shares but i did not get my refund the details are as follows. Application No. 71657313 Dpid IN302679 Shares Applied 900 Shares Alloted 121 can u please let me know when i can get the refund
Hi, I applied for 180 shares through Sharekhan. I have not yet received the refund though I could see 60 shares in my DP account. my orderid in sharekhan: 1051196 Please let me know. Thanks, Sarath