DCW approves up to Rs 40 crore share buyback at a maximum Rs 58 per share

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DCW · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹45.15

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Petrochemicals peers, median of 12sector-2.4%+2.1% vs sector

On the reaction day the stock moved 2.1 pts more than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

-0.3pendingpending-2.4+2.1

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UpDownMarket · Nifty Microcap 250Sector · Petrochemicals peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board approved an open-market buyback of up to 68,96,551 shares for a maximum of Rs 40 crore at up to Rs 58 per share, equal to 4.53 percent of paid-up capital and free reserves and 2.34 percent of existing shares. At least Rs 30 crore must be used. Promoters cannot participate. September quarter profit was Rs 10.36 crore on revenue of Rs 662.86 crore.

Likely market impact

Buying back up to 2.34 percent of shares may support the price per share. Cash use is capped at Rs 40 crore, with at least Rs 30 crore committed.