STOCK Tricker

Wipro share buyback to open on June 22, retail acceptance fixed at 23.4%
Bengaluru-based IT major Wipro on Tuesday announced that its Rs 12,000 crore share buyback program, the largest in its history, will open on June 22 and close on June 29.

In a letter of offer issued today, Wipro said the retail entitlement ratio has been fixed at 23.4% while for others it is 4.3%. The Nifty company will buy back about 26.97 crore shares at a price of Rs 445 through the tender route, which is at a 17% premium over Monday's closing price of Rs 380.

Buy Adanient 1000pe@25-26
Sl 18
Tgt 35/45++

BUY PAYTM ABOVE 610 TGT 615 - 625 -635
SL 606.80 INTRADAY

BANK NIFTY is expected to open around 43950-44000 levels and is expected to trade in the range of 43700-44300 levels for the day.

Buy Zone Above 44100 TARGET 44300 SL 44000

Sell Zone Below 43900 TARGET 43700 SL 44000

Support 1- 43975
Support. 2- 43900
Resistance 1- 44140
Resistance 2- 44225

View for the day: Down.