Eicher Motors

Upward movement likely

Posted by : totalview
Price when posted : BSE: Rs 240.05 ( 2.13 % ), NSE: Rs. 240.05 ( 2.15 % )

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With cheaper credit, excellerated depreciation of 50% upto 31st March 2009 and buy-back offer for public shareholders @ Rs.691.68 per share, Eicher Motors is poised for upward movement in the coming week. Cheers !!!!!...

BSE Announcements on Eicher Motors

Posted by : MMB Messenger
Price when posted : [Eicher Motors - BSE:Rs. 235.10 NSE:Rs. 238.00 when posted]

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Eicher Motors Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the special resolutions for Buy-back of 1,408,969 Equity Shares of the Company at a fixed price of Rs 691.68 per equity share, with requisite majority....

Eicher Motors - Outlook

Posted by : totalview
Price when posted : BSE: Rs 227.90 ( 1.67 % ), NSE: Rs. 226.90 ( 1.32 % )

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Buy back is expected to be over by end of January/February 2009. Time table is expected latest by first week of January 2009. Eicher Motors and its subsidiary are flush with funds. Everything is in cash. Even their Capital Gain Bonds have been redeemed in December 2008 fetching them around 290 crores. Cheers !!!!!...

In reply to:

Eicher Motors - Outlook

Posted by : rpgarga

Hardly any volume. There will be some movement only when time table for Buy back will be announced and only then some upward price movement can be expected. rpgarga

Eicher Motors - Outlook

Posted by : rpgarga
Price when posted : BSE: Rs 227.90 ( 1.67 % ), NSE: Rs. 226.90 ( 1.32 % )

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Hardly any volume. There will be some movement only when time table for Buy back will be announced and only then some upward price movement can be expected. rpgarga...

Where to get the buyback forms from NSE website?

Posted by : rpgarga
Price when posted : BSE: Rs 205.40 ( 0.37 % ), NSE: Rs. 207.35 ( 0.63 % )

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Company has to get a resolution passed by postal ballot opefully by the end of December. Buy back offer should therefore be announced sometime in January 2009. Actual buy back will take place only in February 2009. Till then, I do not expect any movement in the price. May be worth buying at 200 and avail of the buy back. rpgarga...

In reply to:

Eicher Motors - Outlook

Posted by : rpgarga

Hardly any volume. There will be some movement only when time table for Buy back will be announced and only then some upward price movement can be expected. rpgarga