Friday 12 October 2007

Mastek

Mastek was up almost 25% on the news of board approving the buyback of shares from the open market. The maximum buyback price would be Rs 750. Currently the share is trading at Rs 380. I had given this tip when the share was trading at Rs 291. More than 30% profit in 15 days for those who had invested in this stock.

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.