INSUBCONTINENT EXCLUSIVE:
And their owners might want to own more of themselves through buybacks.
Companies such as ITC, Maruti, Eicher, Bajaj Auto, ACC, Cummins,
M-M, Castrol, Nalco, and Infosys have huge cash on their books, and they can allocate financial resources to different avenues for
Thus, the recent sharp correction in stock prices may provide an opportunity for a select few cash-rich companies to augment shareholder
importance to run businesses in the short term due to the nation-wide lockdown and consequent collapse in revenues
Several big companies in the US and Europe have cancelled their buybacks due to the worsening environment after the outbreak Covid-19
But once the government lifts the lockdown, companies with strong cash positions are the potential buyback candidates, said analysts.
