Rel Buyback Funda?

Can anybody throw some light on REL buy back and its impact till the meeting?

Rally can be seen till March 5th (the buy back date). These are the tactics adapted by AGAD group to rally back their shares in market and bring investors faith in them.

actually i m holding 100 rel @2070 some jobbing has done but average is around 2000 per share. So should i hold or exit?

@sillu : that's a loss of 2000 - 1730 = 270 * 100 = 27000

that's a lot of money to lose.....

fundamentally, anil's faith in his stocks, his expansion plans, Reliance enrgy looks sweet at current levels for swing......you would benefit at that price in a time frame of 6 months or less if budget bring some bullishness....

FYI, Tulsian Says:
Feb 27, 2008 10:49 am
Reliance Energy may earmark Rs.2,500 crores to buy-back shares at a price upto Rs.2,000 per share from open market. The buy-back move is seen to compel a rival investor having gone short, of huge quantity at around Rs.2,000 levels.

that should sound wistle to our ears sillu if it holds true...

Probably he must have bought it below 1000 and has booked 100% profit in6months.Who knows.Today the stock is 3.8% down with bearish Engulfing. Probably heading towards 1585-1500

yes u r right today i sold REL but will buy at lower level again..........But if needed then i will book loss too as i cant wait for over six months. It is out of my control....while this loss can be recoverd easily.
Past two weeks r bad for me

How the buy back price is determined? Those who had bought this @ 2400 level and r holding then they will have to book the loss? or is there any other way out?

if i remember right warrants were alloted at 1812 a couple of months ago...
so now one can expect atleast that price coming up on the stock...it all depends on the overall market too if market stays marginally positive the share may kiss the 2000 levels again but that's probably too optimistic...
it's stuck in a range betn 1500-1750 right now...so i'd look at buying closer to the lower levels of the range around 1500-1550 if the stock goes there otherwise i'll pass...

those who brought at 2400 with a trading view shd have averaged at 1250/1300 on the day of the crash and exited a couple of days later when the price crossed 2000...but that's easier said than done...people who don't keep stop losses probably deserve the loss...it's a lesson we all learn!