General Trading Chat

[timepass]

Looks like option premium eating session today.

 

[timepass]

For intraday, today the market is !@#$%##@!

 

[timepass]

Banknifty left its 3ema for the 2nd session in a row

 

[Dr. Jan Itor]

This won't make much difference to the markets, will it ?

GST compensation cess to stay beyond June 2022 to help state ..

Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

The consumers will be affected, though.

Cess bhi le rahe hai... states ko compensate bhi nahi kar rahe hai... i love this business model...

 

[timepass]

Cess bhi le rahe hai... states ko compensate bhi nahi kar rahe hai... i love this business model...

 

[Dr. Jan Itor]

TP sir had recently posted about Tata Sons will have to buy out SP stake after their fallout but it is strapped for cash... does TCS buyback have something to do with this, especially odd when the share price is already so high?

 

[timepass]

I just now saw that Nifty spot hasn't touched 3ema for 3 sessions now.

 

[siddhant4u]

TP sir had recently posted about Tata Sons will have to buy out SP stake after their fallout but it is strapped for cash... does TCS buyback have something to do with this, especially odd when the share price is already so high?

yes, if Tata Sons sell shares in open market, tcs will plummet due to promotor 'not having faith in company' So best is to reduce number of stocks in circulation so leftover retains value.

I expect higher dividend from tata group companies too (even if they are consistently loss making)

 

[travi]

TP sir had recently posted about Tata Sons will have to buy out SP stake after their fallout but it is strapped for cash... does TCS buyback have something to do with this, especially odd when the share price is already so high?

no, i dont think so. And buyback % is generally very small, ie. # of shares getting retired.

TCS has a strong previous record of buyback, when they've had a lot of cash surplus. The buyback recent history is 2017 and 2018, now in 2020 so one can imagine the revenue it is churning. Maybe not able to redeploy all the cash.
Yaar, 10L Cr Co and did buybacks of 16K Cr last 2 times. Itna tho dividend bhi aa jata hai.

 

[timepass]

Reliance in full form !!

Reliance Retail gets another cheque: ADIA to invest ₹5,512 crore for 1.2% stake
2 min read . Updated: 06 Oct 2020, 07:08 PM ISTWritten By Anulekha Ray

• With this investment, Reliance Retail Ventures Limited (RRVL) has raised ₹ 37,710 crore from leading global investors in four weeks
• Last week, Abu Dhabi-based sovereign wealth fund Mubadala picked up 1.4 % stake in RRVL for ₹6,247.5 crore

https://www.livemint.com/companies/...-invest-rs-5-512-50-crore-11601989465865.html