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Change Change %
9.25 0.78%

Updated:23 Apr, 2018, 15:59 PM IST

Change Change %
5.10 0.43%

Updated:23 Apr, 2018, 16:01 PM IST

Research Report Detail

Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Reliance Securities
22-08-2017 Buy 876.00 1080.00
Target Hit Long (1Y)

Reliance Securities maintains buy on Infosys

In our view, the buyback proposal is attractive for retail investors with holdings up to Rs0.2mn. As per SEBI Regulations, 15% of buyback is reserved for this category of investors, which implies that around 17mn shares in the buyback will be reserved for them. Assuming 100 per cent of these shareholders tender their shares, the acceptance ratio will be around 59 per cent (total holding of around 28.7mn shares). As acceptance ratio increases, individual/retail investors who tender their shares will earn more profit, ranging from Rs16,000-22,000 (19-25%), assuming the buying price is the CMP and investors sell their remaining shares at the CMP. 

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