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7 companies approve share buyback in four months

Of the seven that have announced buyback plans, four companies including Dr Reddy's Laboratories and Wipro, are from the benchmark Nifty 50 index

Meet the all-weather stocks

First four months of calendar year 2016 (CY2016) have seen as many as seven companies announce buyback plans aggregating nearly Rs 4,259 crore. Two companies – Bharti Airtel and Bharti Infratel – announced that their board will meet in current week to consider share buyback.  Of the seven that have announced buyback plans, four companies including Dr Reddy’s Laboratories and Wipro, are from the benchmark Nifty 50 index.  Excel Industries, Baba Arts, ECE Industries, Smartlink Network Systems and OnMobile Global are the other companies whose boards ...