Kaveri Seeds Share Price Target 2022: If you invest money in the share market and are thinking of investing. So you must know about this news related to the stock market. Investing in share market is quite risky, if you do not have any problem. Then this platform can prove to be good for you.
Poor performance since 1 year
It is known that we are talking about Kaveri Seeds BuyBack company. For the last 1 year, the company has been performing poorly in the stock market. She will suddenly come into the limelight after a decision. The company has announced a buyback. That is, the company will buy back its own shares at a price higher than the market price.
Shares will not exceed Rs 700
According to the company, this buyback record date will not exceed Rs 700 per share. The price of one share of the company was Rs 482.50. That is, Kaveri Seeds (Kaveri Seeds Buyback Record Date) will do this buyback around a premium of 45 percent. The company told the exchange that this buyback would not exceed Rs 125.6 crore. In the open market, the purchase of a share with a face value of Rs 2 will not be more than Rs 700.
Company’s market performance
In the last one year, the company’s share prices have seen a decline of 7.38 percent. In the year 2022, the share price of Kaveri Seeds has fallen by 15.80 percent. The stock prices of the company have fallen by 10 percent in the last 6 months. The 52-week high of the company is Rs 629.30. At the same time, the minimum level of 52 weeks is Rs 415.
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