Long
welspun ind (buyback, good news)
The company announced a buyback @120, and they are back with business with target company which accounts for 10% of their business.
I will invest now and exit at 115-120. Please invest or trade as per you convenience and after doing through research. It is risky bet.
But one thing I can say as per my backtesting results whenever company announces buyback the price will shoot up.
for ex: check wipro recent buyback where they offered and where the price is now.
I will invest now and exit at 115-120. Please invest or trade as per you convenience and after doing through research. It is risky bet.
But one thing I can say as per my backtesting results whenever company announces buyback the price will shoot up.
for ex: check wipro recent buyback where they offered and where the price is now.
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