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1 Comments

1. CAGauravGoyal   I Like It. |Report Abuse|  Link|February 27, 2024 8:15:47 AMReply
Hello experts,

As current market price is 34 and right issue price is 22. What should current investor do?
Is market correction expected in these type of scenarios?

Please guide
1.1. Suradhayaksha   I Like It. |Report Abuse|  Link|March 4, 2024 8:15:14 AM
In my view is RE price is less than 9 rupees we should apply for the rights issue.
OR
If price difference between share price and RE price is more than 23 rupees we should go for application.

1.2. Stephen   I Like It. |Report Abuse|  Link|March 5, 2024 5:50:10 PM
Accumulate RE at Rs.2 or less.
Current Book value = 25
Thus, you will be value buying the share.

Anything above this price is not attractive because I see TMB and KTK bank banks with better valuations.
These views are personal.

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