WHY INFOSYS ? AND WHY IT SHOULD REACH 1200

Infosys to go ahead with share buyback 




-  Read more at: http://economictimes.indiatimes.com/articleshow/60113628.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

CLSA expects Infosys' buyback price at 10-20% premium  http://economictimes.indiatimes.com/markets/stocks/news/clsa-expects-infosys-buyback-price-at-10-20-premium/articleshow/60113731.cms
Infosys has announced the buyback of shares worth   13000 crore on Aug 19th , 2017, which is expected to be completed in Oct, 2017 .The buyback price to be announced will be at 10-20% PREMIUM as per CLSA , considering last Wednesday’s closing price of INR 980/-
Considering the current market price of   924 as on Aug 18th, 2017, there is an upside of 30% with respect to the buyback price of   1200.
Arbitrage Opportunity   Current market price per share as on Aug 18th , 2017 =   924  Buyback price per share =   1200  Gain from tendering shares in the buyback =   276 per share

So you can gain   276 per share  ( 30 % ) by buying the stock at the current level in just 2-3 months 
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