PVRINOX (PVR INOX Ltd.): Buyback
PVR INOX informed the exchange it had made a public announcement for a buyback of its equity shares. CNBC TV18 reported the board approved a 300 crore rupee buyback at 1450 rupees per share, with a record date of September 4.
Strota's base rate for buyback announcements leans slightly positive. Across 42 such events it tracks, the median next-session edge was 0.374% with a 57.1% win rate, so this event type has historically been followed by a small upward drift rather than a dependable jump.
The shares eased 1.48% to 1210.0 rupees on the day, from a previous close of 1228.2. They sit just 4.38% below their 52-week high of 1284.5 and 35.35% above the low of 907.4, and remain above both moving averages, with momentum firm at a relative strength reading of 64.2.
The stock is richer than the broader market on conventional measures, trading at a price-to-earnings ratio of 42.65 and a price-to-book of 1.61 on a 11882 crore rupee capitalisation. The base rate describes a historical tendency, not a prediction for this specific buyback.
The catalyst
PVR INOX Limited has informed the Exchange about public Announcement for Buy-back of equity shares of the Company. (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Buyback tends to continue — the move went bullish in about 57.1% of next sessions (net 0.374% after drift and cost, n=42). A base rate, not a forecast for this stock.
PVRINOX right now
trading -1.48% on the day; P/E 42.65; RSI 64.2. Full PVRINOX analysis →
Sources
- PVR INOX Limited has informed the Exchange about public Announcement for Buy-back of equity shares of the Company. — NSE
- PVR INOX approves ₹300 crore buyback at ₹1,450 per share; record date set for Sept 4 — CNBC TV18
- PVR Inox Ltd. Financials – Balance Sheet, Profit & Loss, Cash Flow — Value Research
- PVR Inox Ltd. Key Financial Ratios – Valuation, Profitability & More — Value Research
- PVR Inox to consider share buyback; board to meet on Aug 31 — BusinessLine
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