Infosys to go ahead with share buyback
- Read more at:http://economictimes.indiatimes.com/articleshow/60113628.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
CLSA expects Infosys' buyback price at 10-20% premiumhttp://economictimes.indiatimes.com/markets/stocks/news/clsa-expects-infosys-buyback-price-at-10-20-premium/articleshow/60113731.cms
Infosys has announced the buyback of shares worth 13000 crore on Aug 19th , 2017, which is expected to be completed in Oct, 2017 .The buyback price to be announced will be at 10-20% PREMIUM as per CLSA , considering last Wednesday’s closing price of INR 980/-
Considering the current market price of 924 as on Aug 18th, 2017, there is an upside of 30% with respect to the buyback price of 1200.
So you can gain 276 per share ( 30 % ) by buying the stock at the current level in just 2-3 months
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