Buyback complete: 16.17 lakh shares extinguished at Rs 680/share

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GARFIBRES · 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

+2.6%Reaction day

₹680.10

prior close

₹682.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+1.5% vs market

Other Textile Products peers, median of 183sector-0.0%+2.7% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.7 pts more than its Other Textile 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

+0.2

10m

-0.0

15m

+0.2

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+1.1+1.5-0.0+2.7

Next day

+2.9+1.6+1.3+0.2+2.7

+16.3+2.4+13.9+0.6+15.7

+13.1+3.3+9.8+1.0+12.0

+12.2+2.5+9.7-0.3+12.5

+9.0+2.4+6.6+1.4+7.7

+9.6+1.5+8.1-0.6+10.2

15d

+6.6+2.6+4.0-0.3+6.9

+12.5+2.2+10.3-0.6+13.2

+10.9+6.8+4.0-0.2+11.1

+17.8+5.9+11.9-2.3+20.1

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 183Pending

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

AI summary

Garware Technical Fibres has completed extinguishment of 16,17,500 equity shares (face value Rs 10) bought back at Rs 680 per share via tender offer under SEBI Buyback Regulations. Total buyback value is about Rs 110 crore. Paid-up share capital reduced to Rs 97.65 crore (9,76,48,345 shares) from Rs 99.27 crore. Promoter holding rose to 54.25% post-buyback from 53.36%.

Likely market impact

Reduces share count, may boost EPS. Promoter holding rises to 54.25%, indicating insider confidence.