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The seven-month-old buyback window of Aptech is coming to end on Thursday. The IT training services company had set the maximum price for the buyback at ₹82 a share.
The offer appears to be a success since Aptech promoters have hiked their stake from 38.56 per cent towards the end of June to 45.86 per cent at the end of December. The buyback has also helped the stock stabilise in the range of ₹55-90 during the period. But the stock price can now come under pressure as the demand for the stock reduces. It reported a net profit of ₹7.62 crore for the September quarter.
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