Share buyback tax: A sharp rise (in share buyback quantum), analysts said, can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1
Shares of Nucleus Software Exports slid as much as 7.0 per cent, reaching its all time high at Rs 647.50 per share on the BSE in Thursday's intraday deals
Nucleus Software Exports Ltd. announced a share buyback worth Rs 72.36 crore on Thursday. The board approved buying back 4.48 lakh shares with a face value of Rs 10 each at Rs 1,615 apiece, it said in an exchange filing. The buyback represents Nucleus Software Exports' 1.67% of fully paid-up equity capital, the exchange filing said. The record date for determining eligibility is Sept. 2. The buyback will take place through a tender offer.
Nucleus Software Share Price: Nucleus Software Exports' shares jumped 32% over two days to Rs 1,560, following an announcement about a board meeting on August 22 to consider a share buyback. This would be the company's second buyback since September 2021. The shares have seen a 264% rise over the last two years.
Nucleus Software Exports stock rose 17.31% to Rs 1380 today against the previous close of Rs 1176.30 on BSE. Market cap of the firm stood at Rs 3634.08 crore.
Saraswati Saree, Zomato, IndusInd Bank, HCL Tech, Bajaj Auto, Hindustan Zinc, Poly Medicure and more may remain under the spotlight before the opening bell on Tuesday, August 20.
Tata Tech from the midcap index and Equitas SFB, Kolte Patil Developers, Landmark Cars, Nilkmal, Spandana Sphoorty and Tasty Bite from the smallcap index hit their respective 52-week lows
IREDA shares settled at Rs 158.35 on Thursday, rising 0.75 per cent for the day. The total market captialisation of the company stood more than Rs 42,500 crore for the day.