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*Infosys announces 13000crs Buy back,*
*price is 1150 per share.*


Stock should open with a gap up of around 4-5% on Monday.

*Overall Infosys outlook :*

What I feel is like longs were badly trapped yesterday (most of the mutual funds alongwith the FIIs are holding a huge chunk) and due to raising voice of the Infosys management and sudden unexpected news of Vishal Sikka stepping down as MD & CEO triggered more losses into the stock during the course of the day. In the end longs were bound to cut their losses & those who didn''t want to take risk for the next week (especially those funds who have lost heavily in Sun Pharma in the last couple of years and were not ready to take another jolt), as some of them were expecting that the buyback proposal may get postponed or cancelled in the meeting too.
I personally feel that the stock will open around 955 - 970 levels on Monday and will form a base of around 940 - 930 levels for a while.
*This whole buyback process will take around 3 months and the acceptance ratio will be around 40 - 50% in the retail category.*

If you get a price of 990 or 1000++ on Monday, the chances of which is very less, but even if it happens will be a good opportunity to exit from this stock & re-enter it at a slightly lower level. Jsk

wonderful input...Infy may go down to 880 in the coming week, as buy back price is not v attractive, and investors holding shares above 174 will not get full benefit of buy back.
I fully agree with you and intend to sell if it touches on Monday Rs1000. Thanks.

I have tried avoiding Infy since last year when Narayan Murthy first raised concerns over high packages given to executives to keep mum on certain governance issue. Even while investing in mutual funds I have made sure that their exposure to Infy is minimal.

IMKP ji wanted to know more on Sun Pharma. From 881 to now at 493 levels..PE 16 it is trading at it''s forecasted median levels. Should this be considered for buy now. ?