Though the company is a good one, the size of the buyback is not that much attractive. If available @ Rs.440/- one who can take a little bit risk, may try his luck in a small quantity. Thank you.
Sarita ji, Unless there is some problem, the shares will be credited on 12/11. The size of the buyback is very small. This aspect is also to be taken into consideration before purchasing the shares. It all depends upon the risk appetite of each individual. All the best to you.
@KAMMA SIVA RAMA KRISHNA Sir, Please tell about MOIL buyback, is it a good buyback opportunity? What could be AR/ER in MOIL. Always waiting for your guidance on buyback
Sir, Yes, a good opportunity. As the buyback size is pretty good and the difference between the CMP of Rs.174/- and the buyback price of Rs. 205/- is not that much, I think that the AR may be around 60% to 70%. All the best. Thank you.
In moil, size is big but buyback price is not attractive, very less appreciation as per today closing price and tomorrow if it will open higher then again gap between cmp and buyback price will reduce but it will have good acceptance ratio due to big size. I was already holding moil shares anyways. will decide further action as per price movements.
Today in the first phase I have purchased altogether 550 shares for our two accounts on an average price of Rs. 176.50. If pocket position improves for some or other reasons, then I will purchase some shares in the second phase. Thank you.