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1. Stevie Jeremier   I Like It. |Report Abuse|  Link|April 19, 2023 10:27:33 PMReply
Leaving the politics of buyback apart. But just look at the financials of this buyback.
Quarterly profits is of middle 2 digits = approx 50 crores
Even at PE of 10x
Market Cap should be 50×4×10=2000 Crores
CURRENT MARKET CAP = 5400 CRORES
so expect a 50% downside

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