Yesterday after the resignation of CEO Vishal Sikka's resignation the stock price of software giant has fallen down more than 10%
in NSE , BSE and the NASQAQ.
Yesterday I have written in my post the company is bringing a buyback of 13000 crore rupees.
today in the evening the company has announced the Buyback .
The offer price, at Rs 1,150 per share, is Rs 226.90 more than Rs 923.10/ share closing price on Friday.
Because of this buyback the stock price may jump higher than 10%
Those who are invested and want to exit can exit from the stock .
Let's see what happens on Monday.
