• Kumar Pratyush
• Dr. Nidhi Bhagat
• Amit Kumar

This research explores the dynamic relationship between share buyback and the stock prices, as well as the financial performances of companies in the context of the Indian market. Share buybacks represent a financial strategy employed by companies to repurchase their own outstanding shares from the open market, affecting various facets of their financial structure and market valuation. The research investigates how share buyback programs influence stock prices, earnings per share (EPS), return on equity (ROE), and other key financial metrics. Furthermore, it aims to identify the factors influencing the decision of companies to engage in share buybacks and the subsequent consequences on their financial health. The Impact of Buyback of Shares on the stock prices and financial performance of the following Companies will be studied in this research for the companies like Wipro limited, Symphony limited, Emami limited, Ajanta Pharma and Indian Energy Exchange. We've selected leading companies from various sectors, including Wipro in IT services, Symphony in consumer durables, Emami in FMCG, Ajanta Pharma in pharmaceuticals, and Indian Energy Exchange in energy, to analyse their buyback activities. These buybacks occurred between 2022 and 2023, spanning the financial years 2022-23 and 2023-24. The analysis reveals varied outcomes of share buybacks among companies, with some experiencing positive market responses, while others encountering mixed or neutral impacts on prices and financial metrics.

"Analysing Share Price Changes and Financial Performance After Buybacks", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 4, page no.c811-c821, April-2024, Available :http://www.jetir.org/papers/JETIR2404289.pdf

"Analysing Share Price Changes and Financial Performance After Buybacks", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 4, page no. ppc811-c821, April-2024, Available at : http://www.jetir.org/papers/JETIR2404289.pdf