Sunday, August 15, 2010

Patni Futures

While there is a strong buzz-a rumour as of now-about a stake sale by Patni promoters which has Patni futures at almost the same rates as the stock in cash(Cash 520,Aug Fut 518,Sept Fut 512) despite the cash price carrying a RS 63 dividend, the futures price carry a risk of correcting sahrply immediately. So better be careful trading the futures. If you are bullish for reasons like stake sale, better be in the cash segment which atleast has the hefty dividend. Happy investing !

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