It will take a lot of time for record date to come after postal ballot voting and results (approx more than a month for record date from now) so till then tcs share prices will have enough up down movement as per budget/nifty etc....so I feel it can be accumulated in staggered manner, means some dip can also come from current prices till record date.
@Lokes We cannot be sure what will be the case with TCS. The moment i saw this new flash from Money Control i bought what i could from available margin in hurry as if i got the news first and price will shoot like rocket😀😀😀😁 foolish me.
Please give me Federal bank view, I was to exit on 101/- but did not seeing earning release date approaching. Can I bet for 110 level? Holding 1k.
@coldburger: like you, so many retailers must have bought today, you might be agreeing to this, still you can see price appreciation was not much today , it even dipped once near to yesterday closing price. And if tcs price will reach 4200-4300 suppose during tender offer or before, then in retail category, it can even have 100% AR ratio like previous times. I had participated 2 times earlier in tcs buybacks.
And i don't have federal bank neither i track it but looking at charts, its have given good upmove in 1 month and showing strength still, so you can keep holding it till before results with some stoploss like 99.5 to protect profits and better sell before result day, since mostly when some share had very good run up before results, then even after good results, it fall normally on result day or later.
@rajkumar: For IT companies (where there is evoting for buyback approval), evoting normally starts after 15-20 days of board meeting of buyback. Evoting normally happens for around 28-30 days. Results of evoting normally comes in 2-3 days after evoting ends. Record date is usually around 10-15 days after evoting ends. Buyback tender offer period open around 20-30 days after record date and buyback period is generally around 15 days. And credit of amount usually happens after 1 week of buyback offer ends.