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I am not sure about that. But if that happens, I will be very happy and will buy some more. 3300 is very attractive level. Hope that happens after record date.

I could not understand second part of your question.

It loks like Hemant hasn't yet purchased and is saying that it will be better to buy at a lower rate from sec mkt and not get into the business of buyback.
But Hemant, Generally speaking, it's possible but not probable.
If I were you I wouldn't assume this and not participate IN BB

@Hemant

if you compare last 1 month's performance with Infy

TCS ( amonth ago) : 4033
today : 3784
it dropped around 6%

Infy : 1918
today : 1706
around 11%

HCL : from 1261 to 1163( around 8%)


this is when Infy announced better results
HCL didn't crack much because it is trading at much lower P/E multiples
so I wouldn't be surprised if TCS cracks by around 5% to even the gap

from 3850, to go to 3300, it has to crack around 14% which is possible( market is volatile and is punishing richly valued shares)
but even then people who have bough shares to participate in buyback, they wouldn't be in loss because AR should be around 30%

I hope it clears your doubt

after ex date, normally prices will go down. In my opinion, it can go upto 3500 in 1-2 week or by 3400 not lesser, until bigger market crash like nifty going below 16K. And during tender period, prices may again rise upto 3700--3900. Mostly it depends a lot on market conditions too.

@lokes , others
Say the record date has passed n it was recorded that a person has 44 shares as on 23 rd.
Now , say the Share price drops and person buys 50 more shares before buyback tender date.

Now say the person tenders 44 / 94 shares , still would they qualify to be in retail category ?
If yes, jolly good
If no, then what significance does record date have?

Pls let me know Abt this. Thanks