At a time when the possibility of an economic slowdown led by the coronavirus crisis sends stocks into a sea of red across global stock markets, including in India, Granules India Ltd.’s buy-back offer might look like a ray of hope to Indian investors.
Granules India Buyback – Ray Of Hope During Coronavirus Turmoil?
Q4 Impacted By Export Restrictions
Granules India’s buyback offer seems to be timed right. As the novel coronavirus crisis batters the Indian stock market, a 32% premium offered by the company is an attractive proposition for investors. However, its Q4 performance will see a blip on account of paracetamol export restrictions.
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