1. Last time buyback was for 2210526 no of shares but this time it is for 10,28,881 no of shares. 2. Time buyback price is more attractive (24.5 ℅ compared to last year 18.75℅). 3. Shareholding pattern is more or less same. 4. Last time AR was 45℅. Keeping all these things mind I think this year AR will be 15-18 ℅. 5.ER will be around 8-10 ℅
Purchased with hope of 25% upward movement as recommended by experts. Post election sugar industry again will be in demand as it's at lowest corrected price . Decent Buy Back offer too
Hi @ROK as per info number of shares ie., 450000 for retail are less hence ER sounds less but looking at BB price it is quite attractive. With sugar/ethanol again in demand the share price will move upward post election.
Launch of E100 ethanol for vehicles is big news today . This is what we were waiting for . Any volatility in market can have drastic effect on price movement , take your risk accordingly