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Hard Landing for Kale Consultants?

Kale Consultants is a leading solutions provider to the global airlines and travel industry.

On Feb 6, 2012 , it had announced a buyback of its shares at up to Rs. 160/ share

The buyback closed on May 2 ,2012 having utilized the full amount of the buyback (around Rs.12.97 Crores)

Now that a significant source of buying power for the stock has been removed, expect the stock to drift lower from its current levels of Rs.125

 

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