BEL : Buy High, Sell Low

Earlier this year, Bharat Electronics Ltd did a buyback of its own shares at Rs.182.5 per share

A mere 4 months later, the Govt now intends to do an Offer For Sale when the share price is 106 Rs/share !!

One reply on “BEL : Buy High, Sell Low”

From the company’s point of view, I don’t see how this is buy high sell low. And for the promoters, both times they were sellers. Of course, the other way would be better for the promoter as well.

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