TCI (TCI): Buyback
Transport Corporation of India told the exchange on September 29 that its board had approved a buyback of the company's equity shares, following a board meeting held the same day. A buyback is a company purchasing its own shares, which reduces the number of shares in circulation.
The size is disputed in the headline record. Business Standard and businesstoday.in both reported a ₹150 crore buyback, with businesstoday.in adding a price of ₹960 a share and pointing readers to a record date, while scanx.trade reported ₹1,500 crore. The exchange intimations in the evidence confirm that a buyback was approved but carry no amount, so the primary document does not settle which figure is right. The headlines agree on the event and disagree on its size.
Events in this category have historically been followed by a modestly positive drift. Across 42 past buyback disclosures that Strota tracks, the average net edge was 0.374% with a win rate of 57.1%. That is a base rate across many past events, not a forecast for this company.
On the company's own numbers the pack records a price-to-earnings ratio of 14.96, a price-to-book ratio of 2.6, earnings per share of 58.03, a market capitalisation of ₹6,669 crore and a dividend yield of 1.15%. It carries no futures-and-options positioning and no bulk or block deals for the counter. The Nifty closed 0.28% lower. What the record establishes is an approved buyback whose size the reports dispute. What it does not establish is the amount, the acceptance ratio, or how the shares will trade around it.
The catalyst
Transport Corporation of India Limited has informed the Exchange about Buyback of equity shares of the Company and matters incidental thereto. (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.
TCI right now
P/E 14.96. Full TCI analysis →
Sources
- Transport Corporation of India Limited has informed the Exchange about Buyback of equity shares of the Company and matters incidental thereto. — NSE
- TCI shares gain 1.5% as board approves ₹150 crore buyback — Business Standard
- Transport Corporation of India (NSE:TCI) Board approves Rs 150-crore share buyback at Rs 960 apiece; check record date — businesstoday.in
- TCI board approves ₹1,500 crore buyback and China subsidiary — scanx.trade
- AXISCADE shares hit 10% upper circuit, TCI Express stock rallies 20% amid block deal buzz — upstox.com
Keep digging
- TCI — full smart-money page: F&O positioning, deals, insider filings and option chain in one place.
- Today's screens: every stock matching the same setups (buildups, breakouts, volume shockers).
- Newsroom: the other stocks in play this session.