Share Buyback: Multibagger Mid Cap Diversified Sector Stock Announces Buyback Of Equity Shares

Board of Kama Holdings declared yesterday in its regulatory filing the decision to consider the proposal of buyback of equity shares of the company. The mid cap company operates in diversified sector and has a market capitalisation of Rs 8,969 crore. Check key takeaways below:

1. Board Of Kama Holdings To Consider Share Buyback

The board of directors of the company said in the BSE filing, "Meeting of Board of Directors of KAMA Holdings Limited is scheduled to be held on December 12, 2022 to transact the following business: 1. To consider and approve the audited condensed standalone interim financial statements and audited condensed consolidated interim financial statements for the six month period ended September 30, 2022; 2. To consider the proposal for buyback of equity shares of the Company, quantum and mode of buyback, appointment of intermediaries and other matters incidental thereto including Record Date. 3. Any other matter as Board may consider and deem fit."

2. Kama Holdings Stock Performance

The current market price of the stock is Rs 13,900 apiece with intraday decline of 0.31%. The stock's 52-week high is Rs 14,600 apiece and 52-week low is Rs 8310 apiece, respectively.

3. Kama Holdings Return

The stock has given 359% return in last 5-years, 181% return in last 3-years, and 38% return in last 1-year. The stock has jumped 11% in last 1-month.

4. Kama Holdings About

The company was incorporated in 2000 and operates in Diversified sector. It is engaged in the business of holding long-term investments in its subsidiaries. Kama Holdings key segments include Technical textiles business, chemicals business, and packaging film business among others.

Disclaimer

The stock gives details related to buyback of equity shares. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.