I have 400 pedlite shares @942. As the value exceeds 2lacs wud I I be able to participate in buyback?
Also as the current market price is around 900 should I continue to hold?
This is very good share u can hold as Company has proposed buy back , shortly board meeting is proposed u can wait till board meeting completes
U should in a position of hold when u buy high group value share
In future pls select share with PE value less than 20
Compared to book value it is trading at very high value
It fell down after buy back was announced for 1000 rs only & that too for a very limited no. of shares only.
It maybe good for long term but if u have short term view then try to exit whenever u get an opportunity.