GANDHITUBE (GANDHITUBE): Buyback
Gandhi Special Tubes told the exchange on 11 Sep that it had published its post-buyback newspaper advertisement, in Business Standard's English and Hindi editions and in Navshakti, according to the disclosure filed with NSE. This is a procedural step, not a new buyback: a post-buyback public announcement is the notice a company must publish once the tender process has run its course. Earlier filings set out the offer itself, for as many as 8,68,100 shares carrying a face value of ₹5, priced at ₹900 each through a tender offer.
Strota tracks how stocks have behaved around disclosures of this type. Across 42 past buyback events in that history, 57.1 per cent were followed by a positive move, for an average net edge of 0.374 percentage points after costs. That is a base rate for the event type across many companies, not a forecast for this one: a win rate barely above a coin toss, with an edge measured in fractions of a percentage point, is a weak pattern rather than a reliable one.
On the pack's own figures the company trades at a price-to-earnings ratio of 14.44 -- price against annual earnings -- a price-to-book of 3.41, earnings per share of 61.48 and a dividend yield of 1.69 per cent, on a market capitalisation of about ₹1002 crore. A headline from siam.in a week ago described the stock edging up 0.69 per cent to ₹902.55 in range-bound trade, and the Nifty was down 0.34 per cent.
What the filing establishes is narrow: the required post-buyback notice has been published. It does not say how many shares were tendered or accepted, and nothing here establishes a single driver for any move in the stock.
The catalyst
Gandhi Special Tubes Limited has informed the Exchange about Copy of Newspaper Publication- Post Buyback Newspaper Publication Business Standard English and Hindi all Edition and Navshakti (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.
GANDHITUBE right now
P/E 14.44. Full GANDHITUBE analysis →
Sources
- Gandhi Special Tubes Limited has informed the Exchange about Copy of Newspaper Publication- Post Buyback Newspaper Publication Business Standard English and Hindi all Edition and Navshakti — NSE
- Gandhi Special Tubes GANDHITUBE Post-Buyback Ad Filed — kalkine.co.in
- Gandhi Special Tubes (GANDHITUBE) Edges Up 0.69% to ₹902.55 Amid Range-Bound Trading - ETF Premium Discount — siam.in
- Gandhi Special Tubes (NSE:GANDHITUBE): What Triggered the Buyback Letter of Offer Dispatch? — kalkine.co.in
- Gandhi Special Tubes GANDHITUBE Buyback Public Announcement 2026 — kalkine.co.in
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