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List of Current & Upcoming Buybacks in India in 2024

Here is a list of companies which have announced a share buyback. This corporate event could offer clues about promoters' actions and the value of the stock.

CompanyAnnouncement date
ORBIT EXPORTS
Feb 5, 2024
RAJOO ENGIN.
Jan 23, 2024
ARNOLD HOLDINGS
Jan 17, 2024
CHAMBAL FERTILISERS
Jan 10, 2024
DHAMPUR SUGAR MILLS
Jan 5, 2024




FAQs

What is a buyback?

Buyback of shares is a process where a company buys back its own shares from investors.

The result of the whole buyback process is that the number of shares outstanding for the company is brought down.

After the company purchases its own shares, it often cancels them or keeps them as treasury shares. Treasury shares are the shares that may have come from a buyback or may have never been issued to the public in the first place.

Why do companies opt for buyback?

A primary reason companies opt for buyback is because they have too much cash on their books and very low investment.

Another reason for conducting a buyback is to improve valuations. When a company buys back shares, it results in reduction of the number of shares outstanding. In result, this improves the earnings per share (EPS) and return on equity.

Buybacks are also a more tax-effective form for rewarding shareholders rather than dividends.

What should investors do when companies opt for buyback?

Investors can tender their shares in a buyback if the offer is made at a much higher price than the current price. This becomes a tempting proposition.

However, long term investors should focus on the company's moat and the underlying fundamentals.

Since buybacks interest you, check out this video where we list out 14 stocks to keep in your watchlist.



Today's Market

Sensex, Nifty Hit Fresh Record High | Metal Stocks Shine in Special Trading Session | Tata Steel, SAIL, JSW Steel Up 3% Sensex, Nifty Hit Fresh Record High | Metal Stocks Shine in Special Trading Session | Tata Steel, SAIL, JSW Steel Up 3%(Closing)

Indian share markets traded marginally higher throughout the special trading sessions today and ended on a positive note.

PLEASE NOTE:
The information in the web site has been compiled from sources we believe to to be reliable, but we do not hold ourselves responsible for its completeness or accuracy. This is not an offer to sell or a solicitation to buy any securities. Investors are advised to read the offer document before making an investment decision.