REC Limited which had come out with a FPO has credited the shares to the accounts of its successful applicants. The share was issued at a floor price of Rs 203. The issue was over-subscribed in the QIB and HNI categories but was undersubscribed in the retail category. During the issue, the stock price had fallen significantly and was trading at Rs 207-209 on the last day of the issue.

The stock since then has been rising and as of today, currently is trading at Rs 238. The open of the day is Rs 237.70, the low Rs 230 and the weighted average of the day is Rs 233.86. The volume today is extremely high with the BSE witnessing a volume of about 37 lakh shares and the NSE a volume of just about 1.2 cr shares.

The most important fact is that retail investors have made decent money in this share and an average of Rs 30 or just about 15% in this FPO. This return augurs well for future offerings and certainly would benefit the issue of NMDC which opens on Wednesday.