Rural Elect will debut today

Thebullishtrends: Rural Electrification shares will debut in few minutes in stock exchanges. REC has fixed the IPO price 105 at higher price band which discounts the March'07 EPS Rs.9 with a PE multiple of 111.66. Due to the favourable market trend REC will get a decent listing price. It will ist around Rs.140 and there is a possibility to go the stock price upto Rs.160. Profit booking is advised in higher levels.