For your benefit, we are not offering the National Aluminium Company Limited (NALCO) buy-back offer of Rs. 57.50 per share on our platform because the...
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For your benefit, we are not offering the National Aluminium Company Limited (NALCO) buy-back offer of Rs. 57.50 per share on our platform because the current market price of NALCO is around Rs. 60 per share. Hence, it would make more economic sense for you to sell your shares in the secondary market instead of applying for this buy-back.
What does this mean?
After the NALCO buy-back offer of Rs. 57.50 per share went LIVE on 25th February 2021, the market price of NALCO crossed the Rs.57.50 price level and is currently trading at around Rs. 60 per share.
This means investors stand to make more profits if they sell their shares in the secondary market than they would if they apply for this buy-back.
Also, as per the Upstox policy, we charge a transaction fee of Rs 50 per buy-back transaction a trader places irrespective of the quantity they decide to sell. Whereas, for selling shares on the secondary market we do not charge any brokerage fee or transaction fee for delivery traders.
What do we recommend?
Since it makes more economic sense to sell your NALCO shares in the secondary market instead of selling them through this buy-back we recommend that you should not opt for this buy-back. Instead, you can place a sell order at no brokerage cost. To know how to place your sell order click here.
If you have any further queries, feel free to raise a ticket from the Upstox Pro Web or Mobile app.
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