Sharechk, i guess the stock is being kept low to complete the huge buyback. I was myself expecting it to move faster than being stuck at 25 for a week but looks like the buyback manager from Karvy is a smart man. Till now approx 1.75 lakh shares have been bought back and promoters need to buy back a minimum total of 50 lakh shares (max 1 Crore shares) Surely they will try to get as much as possible within that 20 Crore limit. Looking at the daily volume of 40 - 50 K and a daily buyback requirement of min 30 - 40 K i had suggested that it would be impossible to keep the price of the stock under control and it will shoot up. But that did not happen. Anyways my next guess is to wait patiently until 10 - 20 Lakh shares have been bought back, it may start moving up after that. Btw todays volume showed a huge jump. From the usual 50-70K it traded almost 2 lakh stocks, NSE / BSE combine. That`s a good sign
Good for you, i agree there are better scripts to invest. For me this is good low risk investment, because i know that there will be consistent buying here for the next 6 months.
| NIFTY 
