New Listing Rural Electrification -REC [BSE: 532955] given at Rs.105
Likely to debut at Rs122-130 Book profits around this levels.
Good for Intraday, Trading Range 120-150.
"Shares of Rural Electrification Corp. (REC) will get listed today. The public sector term lender for rural power projects had fixed the issue price at Rs105 per share. The issue was subscribed by nearly 28 times amid dire times for the primary market. The stock may benefit from the general feel-good and good prospect for the power sector."
