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Saturday, May 28, 2011

Return on PFC FPO for retail investors

Yesterday PFC traded at ì 200 for quite a long time and retail investors who sold their FPO allotment at that level got a pretty good return.
Retail investors got the allotment at ì 192.85(after 5% retail discount) and selling the stock at ì 200 fetch them, a clear return of 3.7 % in just 15 days.
When we annualize the return, it comes to be 90.2%.
Is it not a good return, considering top bank rate gives just 9.25 % (10% to senior citizens only)?


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