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GJ 😀's Comments

3 Comments

3. GJ 😀

| Link|February 22, 2022 10:43:59 PMReply

For the first time in my life, I bought TCS shares and will hold till buyback for tendering.

Also, if it goes down more, might add more quantity for swing trading (15-30 days) purpose only (no long term holding).

2. GJ 😀

| Link|November 21, 2021 9:17:45 PMReply

@Experienced members,

I am new to buybacks, so may ask questions that are very obvious, please consider. Thanks.

Can/Should one buy shares of Moil for approx 1 lac, considering the current price of around 172, and buyback price of 205?

Generally what I observed is,
that share price touches (or comes in nearby range) to buyback price 1-2 days before buyback date, right?

Load more comments (8 replies)

2.1. GJ 😀

| Link|November 22, 2021 7:13:49 AM

@Ksrk, @lokes, others
Please suggest.

Thanks.

2.2. KAMMA SIVA RAMA KRISHNA

| Link|November 22, 2021 8:22:29 AM

GJ ji,
Yes, you can buy. In a few cases it happens. Thank you.

2.3. GJ 😀

| Link|November 22, 2021 12:12:39 PM

@Ksrk,
Thanks 😀

2.4. lokes

| Link|November 22, 2021 4:39:39 PM

@GJ:
this below thing, which you mentioned, happens in very few cases, else everyone can buy always after buyback announcement and can sell in buyback or open market for 20-30% gains :) there are many examples where it goes more down after record date like star cement and many others. Anyways for moil, yes you can buy around 170 rs upto 1000 quantities.

"Generally what I observed is,
that share price touches (or comes in nearby range) to buyback price 1-2 days before buyback date, right? "

2.5. GJ 😀

| Link|November 22, 2021 4:43:18 PM

@lokes,
Yes, I understand that part. For a large sized Buyback like Moil with good AR, one can either take advantage of tendering or sell in secondary market.

Btw,
Brought 1st lot (out of many), will observe and add more till 800-1000 quantity I think.

2.6. GJ 😀

| Link|December 15, 2021 11:24:34 AM

Completely exited (with small profit of 400+ rs) from MOIL.
Reasons,
1. needed money for IPOs
2. needed money for personal reasons
3. Much patience is needed for buybacks, as of now, I don't think I fall under this kind of investors' category.

2.7. IPO Mitr

| Link|December 16, 2021 4:00:23 PM

@GJ

I wouldn't comment on your decision about exiting from MOIL completely but I appreciate your 3rd reason i.e. Much patience is needed for buybacks, as of now, I don't think I fall under this kind of investors' category.

I strongly believe that it is necessary for each one of us to understand our own risk and invest profile very clearly to be successful in stock market in longer run and this holds true for primary market, secondary market, rights or buybacks and so on so forth.

Best wishes....

2.8. KAMMA SIVA RAMA KRISHNA

| Link|December 16, 2021 5:44:06 PM

IPO Mitr ji,
I too agree with your observations n views. Thank you.

2.9. Unknwon

| Link|December 17, 2021 9:44:43 AM

Buybacks are definitely a game of patience and I am in it...as of now.

2.10. KAMMA SIVA RAMA KRISHNA

| Link|December 17, 2021 8:21:44 PM

Unknwon ji,
Patience often rewards you. Enjoy it. Thank you.

1. GJ 😀

| Link|November 18, 2021 2:00:00 AMReply

@Admin @Team Chittorgarh.com

Why on this page (https://www.chittorgarh.com/report/latest-buyback-issues-in-india/80/)
This column (Issue Size - Amount (Cr))
Says 10 Cr for Moil
Instead of correct price
₹693.77 Crores

I think,
Same is wrong for every buyback.

1.1. lokes

| Link|November 19, 2021 5:20:45 PM

now its looking proper, may be its corrected

1.2. GJ 😀

| Link|November 21, 2021 7:23:07 PM

Yes, now it is working.
Earlier it was showing 10 and 8 only for all the companies.