Gandhi Special Tubes announces about 78 crore share buyback at 900 rupees

Corporate Actions View source PDF Explain this filing

GANDHITUBE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.0%Reaction day

₹877.00

prior close

₹886.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+0.7% vs market

Iron & Steel Products peers, median of 105sector+0.0%+1.0% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.0 pts more than its Iron & Steel Products 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

Stock

+0.3

10m

+0.3

15m

+0.2

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+0.4+0.7+0.0+1.0

Next day

+1.0-0.2+1.2-0.3+1.3

+2.1+0.3+1.8-0.4+2.5

+1.5+0.6+0.9+0.3+1.2

+1.7+0.8+0.9+0.0+1.7

+2.6+0.4+2.2+0.3+2.3

+2.5+0.7+1.8+0.5+2.1

15d

+0.5+2.0-1.6+1.3-0.8

+2.1+0.7+1.3+0.5+1.5

+5.2-3.4+8.6-1.5+6.8

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 105Pending

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

AI summary

Gandhi Special Tubes will buy back up to 8,68,100 shares (7.14 percent of paid-up capital) at 900 rupees per share through the tender offer route via stock exchanges. Total outflow up to 78.13 crore rupees. Premium of around 2.5 to 3.5 percent over recent market prices. Record date is 21 August 2026. Promoters may tender up to 43,86,106 shares.

Likely market impact

Buyback returns surplus cash to shareholders and may support short term share price. Promoter participation signals confidence in valuation.