On Wipro buyback, Zee Biz hits bull's eye; Anil Singhvi says size small in terms of amount
Detailing about the Wipro’s announcement on buyback at Rs 400 / share, he said the price is what Zee Business had informed to its viewers, but he was a bit disappointed with the buyback size of Rs 9,500 crore.
He said if the market opens strongly, the stock might see profit booking. He suggested that the investors should temporarily exit and book profit if the stock shows the range of Rs 375 to 400, as there is not much trigger left in the stock.