Vol. 8, Issue 8, Part C (2022)

Abstract
The article aims to give insights on share buybacks in India by using event research technique to determine the influence of share buybacks on stock price. During 2021-2022, we discovered negative abnormal returns previous to the buyback announcement, indicating undervaluation of shares, and positive abnormal returns after the announcement, showing a signaling impact of share buybacks. The findings are comparable to those of a study of buybacks on the open market in developed nations. The publication will also act as a reference point for future buyback research.