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2 Stocks to BUY
As Nifty50 Heads Towards 40,000




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List of Current & Upcoming Buybacks in India in 2023

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
CL EDUCATE
Aug 4, 2023
CONTROL PRINT
Aug 2, 2023
PIRAMAL ENTERPRISES
Jul 31, 2023
AARTI DRUGS
Jul 27, 2023
ASHIANA HOUSING
Jul 14, 2023
JAMES WARREN TEA
Jul 10, 2023
GOLDIAM INTERNATIONAL
Jul 10, 2023
AMRUTANJAN HEALTHCARE
Jul 3, 2023
WIPRO
Jun 2, 2023
AXITA COTTON
May 25, 2023
WELSPUN INDIA
Apr 29, 2023
EMAMI
Mar 28, 2023
NATCO PHARMA
Mar 10, 2023
KDDL.
Jan 23, 2023
ABIRAMI FINANCIAL
Jan 17, 2023
VLS FINANCE
Jan 13, 2023
INDIAN ENERGY EXCHANGE
Jan 3, 2023




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.



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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.