Indian Oil Corporation Buyback: Acceptance ratio to lie between 30% to 40%.; Buy

Jainam Research | Dec. 14, 2018, 11:55 a.m.


We at Jainam Share Consultants Pvt. Ltd. recommend retail investors to “Buy" Indian Oil Corporation Ltd. at Rs.141.55 and “participate” in Buyback. In the case of acceptance ratio from 30% to 100%, there will be a high probability of positive returns from 0.64% to 9.24%, due to dividend of Rs.6.75 accounting for dividend yield of 4.76%. Due to the participation of several existing and new investors in this buyback opportunity, we expect the acceptance ratio to lie between 30% to 40%.

blog comments powered by Disqus