“The pace of buybacks continuing in H2 would be largely dependent on the market. My sense is that you may see a deeper correction and Nifty might fall down to around 15,500 or even 15,000. So, if there is a further correction, certain companies will continue to correct further and management will continue to announce buybacks.
There has been a correction in the broader markets predominantly on account of concerns relating to inflation and rising interest rates, which has led to a good amount of correction in the share price for a lot of these companies. Further, companies are sitting on a lot of cash”
