<Mar 26, 20> Bexley Speaks to The Hindu on Promotors Increasing Stakes in the Present Bear Market
Utkarsh Sinha, MD, Bexley Advisors, told The Hindu, “Bear markets usually offer great pickings for value investors looking to buy for the long term.
“We are definitely entering such a phase. And typically, a promoter is the definition of a value investor in his or her own company.”
Firms such as Sun Pharma, Emami and Granules India have announced share buy-backs.
“Buy-backs are not only the norm in such an environment, they may make the most sense for spending accumulated capital. If you are able to expand your equity pool in a bear environment, it gives you the ability to go back to the market on more favourable terms down the road,” Mr. Sinha added.
Full Article: https://www.thehindu.com/business/promoters-up-stake-in-firms-as-markets-drop/article31176139.ece