CMP 60.65 BSE 17622
- For Investors willing to take a Call on the forthcoming stake sale / delisting.
- BUY at CMP and dips and hold for a period of 6 months approx.
- Depending upon the Strike price for the impending sale one could safely play for a 20% kicker above that. eg if the Sale happens at 70 per share, one could see the ensuing bids / counterbids and the subsequent delisting opp. (since the foreign stakeholder holds more than 75% - - 77% to be precise) push up the Scrip to 85 levels or thereabouts.
- Thus, a pretty low risk downside (max 55) and possible news driven upsides of 40% in quick time make the Scrip a good punt at these levels.
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