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Hello everyone,

I see heavy dips only in share price. I assumed that since buyback price is 700 so the shares price will atleast go near 700 by the buyback closure date i.e 25 Jan if not higher but rather share has taken a beating in last two days. 153 crores worth of shares will be mopped but will it not push the price up?

Any views please..

On what basis you assumed this: "I assumed that since buyback price is 700 so the shares price will atleast go near 700 by the buyback closure date i.e 25 Jan if not higher " ??
if that happens then buybacks are always too much beneficial, everyone can buy before record date and tender in buyback and sell remaining in open at high price if that happens.
So your assumption is wrong. After tendering period, share prices can go anywhere in short term. (but not near to buyback prices in most cases in short term).

Thanks lokes for your input..