due to severe market correction today, prices came around 150 levels for sh kelkar so anyone can buy it for short term for selling in open market too. share prices will increase during tender period.
@lokes why price will rise during tender period? New to buyback so not aware. Next Qtr result period or if they offer good divided then also cause the rise What about MOIL have you bought and expect it to go upto 195 near record date?
@coldburger: sometimes price increases in tender period as people may buy again for tendering who have sold after record date and many shares will be locked since people have tendered for buyback. It may not be the case always just a general perception. And btw shares doesn't move only as per quarterly results dividends :) means other than that they rise/fall, right. Moil can be bought in tranches starting from 170 levels till 160-165 levels, i don't think price will go till 195 near record date since buyback price is only 205 rs, price may go max till 180-185 near record date.