What to watch: MOIL: Eyes on buyback meet

The board of directors of MOIL will meet on Monday to consider a proposal for buyback of fully paid-up equity shares of the company. Investors will be keen to know the price at which the shares would be bought back and the size of the issue. Besides, the mode of buyback -- open market or tender offer -- will also be keenly watched. With the price going down and market sentiment ruling weak, timing of the buyback offer will also attract market attention.