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The share buyback, or share repurchase, is when a company buys back its own shares from investors or stakeholders. It can be seen as an alternative, tax-efficient way to return money to shareholders. Buybacks are attractive in tax terms even after considering the 10 per cent tax on long term capital gains (LTCG).

For the next week, I am not really sure of ITC and some chemical companies that treaded water over the last couple of weeks or so, said Lokapriya.

The weekly RSI is 50.85. It stays neutral and does not show any divergence against the price. The weekly MACD is bearish and stays below the signal line.

Over the last couple of days, I was sensing some weakness which was coming back into the banking index, said Bothra.

Further, Sebi noted that the changes would also help conclude the offers in a more efficient and time-bound manner and to synchronise the timelines of similar activities across all the tender offers to the extent possible. Among other changes, the regulator has proposed the period for tendering shares in an open offer to 10 working days from the date of receiving comments from Sebi and would remain open for 5 working days.

According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives.

Noting that strategic disinvestment of PSUs is at variance with privately executed agreements, Sebi in the consultation paper said the announcement of private transactions is made only upon execution of binding agreements and thus there is not much impact on the traded price of such target companies.

Martin J. Pring is the president of Pring Research and Chairman of Pring Turner Capital group, a money management and sub-advisory firm which provides research to individuals and financial institutions around the world.

Max said it has sought both NSE and BSE to reclassify the original promoters on December 8, 2021.

Lithium-ion battery pack maker Cygni Energy Private Limited is looking to invest about $40 million (over Rs 300 crore) to set up a greenfield manufacturing plant near Hyderabad with the capacity to put together around 40,000 batteries a year, its chief executive told ET.