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Business News » Markets News

Stock Market Tips by Anil Singhvi: Market Guru suggests money-making strategy for Bharat Rasayan buyback

Stock Market Tips by Anil Singhvi: Few days ago, Zee Business research team had said that Bharat Rasayan buyback will happen around Rs 11,500 and the company has announced it exactly at the same price.

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Stock Market Tips by Anil Singhvi: Market Guru suggests money-making strategy for Bharat Rasayan buyback
Zee Business Managing Editor Anil Singhvi has said that those who have Bharat Rasayan shares in Demat Account should hold the shares instead of tendering it to the company management.
Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Wed, Jan 13, 2021
01:59 pm
New Delhi, ZeeBiz WebDesk
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Stock Market Tips by Anil Singhvi: Few days ago, Zee Business research team had said that Bharat Rasayan buyback will happen around Rs 11,500 and the company has announced it exactly at the same price. The company has announced buy back of 93,472 Bharat Rasayan shares at the price of Rs 11,500 and Zee Business Managing Editor Anil Singhvi has said that those who have Bharat Rasayan shares in Demat Account should hold the shares instead of tendering it to the company management.

On what should be the strategy of those stock market investors who hold Bharat Rasayan shares, Anil Singhvi said, "Those who have Bharat Rasayan shares in Demat Account should continue to remain invested in the shares as it will give better upside movement in future."

See Zee Business Live TV Streaming Below:

On what helped Zee Business research team to give exact figure on Bharat Rasayan share buyback, Singhvi said, "We stick with the data as Bharat Rasayan has no history of giving dividends and this was the first time when they had decided to go for their shares buyback."

See full coverage in video below:

भारत रसायन ₹11,500 के भाव पर करेगी बायबैक...

भारत रसायन के शेयरहोल्डर्स क्या करें?

ज़ी बिज़नेस की सटीक एक्सक्लूसिव रिसर्च...

अनिल सिंघवी- बायबैक पर शेयर टेंडर करने की जरूरत नहीं, बनें रहें...#ZBizExclusive #BharatRasayan @AnilSinghvi_ pic.twitter.com/FFLNXs59Cm

— Zee Business (@ZeeBusiness) January 13, 2021

The Market Guru further added, "When a company, which has no history of giving high dividend yield and is going for the shares buyback on first time, it's better to stick with data than to look at the market sentiments. Zee Business research team did the same and it helped us give exact Rs 11,500 per share buyback figure to our viewers."

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Anil SinghviMarkets
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