Godawari Power Ispat Ltd Buybcak: The board of Godavari Power and Ispat has approved the buyback. This approval was given by the company on June 15. As per the approval received from the board, 21.5 lakh shares will be purchased at Rs 1400. Let us tell you, on Friday, the price of shares of Godavari Power and Ispat in BSE was at the level of Rs 1078.20 with a rise of 1.46 percent.
What is the record date fixed for buyback? (Godawari Power Ispat Ltd Buyback Record date)
The total value of the buyback is Rs 301 crore. Which is equal to 1.64 percent of the total stake of the company as per the data of March 2024. The company has set the record date for buyback as June 28, 2024. That means only those investors whose names will be in the company’s record book on this day will get the benefit of buyback.
Did buyback last year
The company had bought back shares last year also. But the company had purchased shares worth Rs 250 crore through tender route. Last time the price for buyback was kept at Rs 500 per share.
How is the overall performance of this company in the stock market?
During the last one month, the company’s share prices have registered a rise of more than 17 percent. At the same time, the stock price has increased by 50 percent in the last 6 months. Let us tell you, investors who have held the stock for one year have made a profit of 145 percent so far.
The 52 week high of the company is Rs 1100. That means the price fixed for buyback is more than the 52 week high. At the same time, the 52 week low level of the company is Rs 435 per share. Godavari Power & Ispat has a market cap of Rs 14,657.59 crore.
