Rural Electrification Corporation (REC), a
leading public infrastructure finance company, jumped on Thursday
after it successfully completed the issuance of tax free bonds
through BSE Debt Public Issue Platform on Sept. 17, 2013.
The issue was for tax free secured redeemable non convertible
bonds (face value Rs 1,000 each) of Rs 10 billion with an option to
retain over subscription up to Rs 25 billion, aggregating up to Rs
The issue received an overwhelming response and was
oversubscribed, with 97.35% subscription garnered on BSE platform. Shares ofthe companyare trading at Rs
201.65, up Rs 6.95, or 3.57% at the Bombay Stock Exchange (BSE) on
Thursday at 10:47 a.m.The scrip has touched an intra-day high of Rs
203.60 and low of Rs 197.55. The total volume of shares traded at
the BSE is 47,958.In the earlier session, the shares lost 0.43%, or
Rs 0.85, at Rs 194.70. Currently, the stock is trading down 24.62%
from its 52-week high of Rs 267.50 and above 37.97% over the
52-week low of Rs 146.15.
Share Price Movement Period Pricein Rs
Gain/(Loss) in Rs in % 1 Week 201.35 (10.65) (5.29) 1 Month 225.60
(34.90) (15.47) 3 Months 200.80 (10.10) (5.03) 6 Months 244.80
(54.10) (22.10) 1 Year 177.55 13.15 7.41 Note: Based on previous
day closing price.