The company q3 results will be announced soon.
before that the company decides to buy back shares worth 9000 cr.
A normal conclusion: The company knows that the results are going to be good and then the price will appreciate and they would benefit from the buy back
But SEBI denies them for a buy back "Since the ratio of the aggregate of secured and unsecured debts owed by the company after buy-back (assuming full acceptance) would be more than twice the paid-up capital and free reserves of the company based on consolidated financial statements"
Then why is company going for a buy back.
my answer. to create a exit opportunity for the big players.
The previous price trend suggests a downward continuation pattern and the price as also close below a gap up price on daily time frame.
Conclusion..
the results might not be very good.
before that the company decides to buy back shares worth 9000 cr.
A normal conclusion: The company knows that the results are going to be good and then the price will appreciate and they would benefit from the buy back
But SEBI denies them for a buy back "Since the ratio of the aggregate of secured and unsecured debts owed by the company after buy-back (assuming full acceptance) would be more than twice the paid-up capital and free reserves of the company based on consolidated financial statements"
Then why is company going for a buy back.
my answer. to create a exit opportunity for the big players.
The previous price trend suggests a downward continuation pattern and the price as also close below a gap up price on daily time frame.
Conclusion..
the results might not be very good.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.