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29 Sep 2008 07:36
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This dirty game is going to help investors immensely as the current buy back is at lowest prices. What they would normally bought for Rs. 30 cr are buying for Rs. 10 cr. Hence reducing equity to increase the earnings and adding shareholders value and retaining Rs.30 cr. for future expansion and growth. Hats off to the management for shrewd thinking. Therefore there are bright chances of Sasken again going to heights after the buy back period is over. Samajh Gaye Naa....
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16 Sep 2008 20:08
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I saw NSE website. till date one lakh fifty one thousand shares have been bought back. Yesterday's average buying price was about Rs.128 per share and today's average buying price is about Rs.127 per share. due to panic in share markets buy back was at very cheap prices. I expect as the news of buy back becomes known to public, in coming days price should pick up. Samajh Gaye Naa....
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I agree with EMKAY that immediate target of Rs. 36 is possible. But if you are talking of six months time then the taget is Rs.65. Samajh Gaye Naa....
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