You are right ppinky. it seems people with vested interest and fanning such rumours, to misguide innocent investors and trap them.

TOI has quoted "unnamed company sources". This itself should answer your question. For a long term investor it is just another news and should not be a decision making event.

This "buyback" should be differentiated from normal "buyback". Here the promoter (i.e, govt) would be offering their shares for the buy back and they are desperate to bridge the fiscal deficit. As a long term investor, i don`t look at buy back as an important event. If there are no project implementation in the coming months, current rally would be used to reduce my exposure. I continued buying at sub twenty levels purely because of the valuation attractiveness. Despite corruption, despite inefficiancies, I found hydro electric company below book value attractive.

hi all ..... this rule regarding 75% promoter holding limit has been debated on moneycontrol msg boards ...... so with 86% and a little more holding of govt has to be diluted means that more disinvestment by gov herd what will be the price if IPO @ 36 then means that the stock should be priced above this or at least some buy back at higher price and disinvestment simultaneously ...... well may be some expert here can throw some light in this issue but i agree with vikiitd regarding 25% public holding or that max promoter holding limit to 75% ..... regards

if u read the news correctly the nhpc management themselves have expressed that buyback is not a suitable option. There is also a SEBI rule to come into effect next year that enforces min 25% public shareholding. I give here in writing "NHPC WILL NOT GO FOR SHARE BUYBACK" rest is upto you. you can wait indefinitely for the buyback to happen.

Yes, towards 22 level.!!!!

From where TOI published the news item on Business Page? Has TOI started giving news items without checking its authonticity?

nhpc cannot go for buyback. that is for sure looking at the pathetic performance of the company on exchange since listing. It became a trading bet in the market like unitech and suzlon however dividends are good. so i have no problem in holding it. The stock price cannot be enhanced by using symptomatic measures. The company needs aggressive mgmt and business strategy to enhance shareholder value.

http://t.in.com/0orE

Tomorrows move may be quite decisive.

Dear ppinky. Pl read times of india news paper regarding buy back news on friday 13th 2012.....
This stock likely to touch Rs 28 within 3 months on this news and better quarterly performance

Huge buying may be seen in comind days. Hold for sure capital appreciation.

Waiting for it for quite along time.

Very good performance in Q2. DCB may acheive target-55-56 by Diwali.!!!

What about DCB?

Good morning!
May be, but it is not authentic news.
thanks