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PVR Inox shares jump 4% to new 52-week high as board mulls first ever share buyback on Aug 31. Here’s what we know so far

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PVR Inox shares jump 4% to new 52-week high as board mulls first ever share buyback on Aug 31. Here’s what we know so far
Shares of PVR Inox rallied more than 4% on Tuesday after it announced that the board of directors will meet on August 31 (Monday) to consider and approve a proposal for the multiplex chain operator’s first ever buyback of the equity shares.

The shares of the company jumped to a fresh 52-week high of Rs 1,231.80 apiece on NSE on Tuesday. In an exchange filing released before market opened on Tuesday, PVR Inox said the board meeting has been scheduled for Monday, where the directors will consider and approve a proposal for buyback of the equity shares of the company, with a face value of Rs 10 each.

A buyback of shares refers to a corporate action where a company repurchases its own shares from existing shareholders. Usually, the company purchases the shares at a higher price than current levels, encouraging investors to participate.

What to watch out for in PVR Inox’s buyback?

The record date to determine the eligibility of shareholders set to participate in PVR Inox’s proposed buyback is yet to be determined. Only those shareholders who own PVR Inox shares in their demat accounts as on the record date will be eligible to participate in the multiplex chain operator’s first ever share buyback.
The company has not yet announced whether the buyback will be done via the tender route or the open market route. Whether promoters and promoter groups will participate in the buyback also remains among the key watches.

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Also read | PVR INOX bets on smaller multiplexes as single-screens decline

PVR Inox share price

This comes after PVR Inox shares saw a sharp surge recently amid blockbuster releases, along with the stellar lineup ahead. The stock gained 4% in a week and 17% in a month, hitting a multi-month high of Rs 1,248.20 apiece on NSE yesterday. The stock is close to crossing its 52-week high of Rs 1,249.70 apiece, which it had hit in October 2025.PVR Inox shares have recovered around 38% from their 52-week low of Rs 907 apiece, which they hit in March this year. Overall, the stock is up more than 22% in 2026 so far.

In the longer term, however, the stock has delivered negative returns of 28% in three years and nearly 6% in five years. The company has a market capitalisation of nearly Rs 12,226 crore, with a P/E ratio of around 27x.

Also read | Lights, camera, collections: PVR Inox strikes back with a ‘Dhurandhar’ performance

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Navitas Semiconductor: Q2 2026 Moved The 800V Story Closer To Revenue

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Navitas Semiconductor: Q2 2026 Moved The 800V Story Closer To Revenue

Navitas Semiconductor: Q2 2026 Moved The 800V Story Closer To Revenue

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Troon Group makes WA debut, flags Bullsbrook industrial precinct

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Troon Group makes WA debut, flags Bullsbrook industrial precinct

The Victorian property company’s recent $80 million purchase of 180 hectares of land in Bullsbrook brings the total price tag of major transactions in the northern suburb this year to around $190 million.

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Plymouth ‘critical’ to keeping UK safe, says defence minister

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Wes Streeting made a visit to Devonport which will soon be home to Britain’s new anti-submarine warships

An older frigate sailing into Devonport for the last time before being de-commissioned

An older frigate sailing into Devonport for the last time before being de-commissioned(Image: Phil Bloor/HMNB Devonport)

Plymouth naval base Devonport is “critical” to keeping the UK safe, the defence secretary has said. Wes Streeting made the comments on a visit to the dockyard where he saw facilities being built to support future submarines.

The base – the largest of its kind in Western Europe – is home to Royal Marines and UK Commando Forces and will also soon house Britain’s new Type 26 frigates. A total of eight of these anti-submarine warships are being built for the Royal Navy by BAE Systems and are expected to enter service from 2028.

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“The work done here at Devonport is critical to keeping our country safe,” said Mr Streeting. “From our Commando Forces ready to deploy at a moment’s notice, to our Navy personnel and industry who maintain our submarines – Plymouth is a city where defence runs in the blood.

“As we bring the Type 26 fleet to Devonport in the coming years, we’re investing in this base and our forces, ensuring it will remain at the heart of our naval power for generations to come, and continuing to push the frontier of defence innovation.”

Devonport is the only facility in the UK responsible for the deep maintenance and defueling of the Royal Navy’s nuclear submarine fleet. The work involves keeping the fleet available and operational, while its defueling capability supports the decommissioning of older submarines at the end of their service life.

Luke Pollard, MP for Plymouth Sutton and Devonport, said: “This is a base with a proud history and an even brighter future. The Type 26 fleet and the continued investment in our submarine capability means Devonport will remain vital to the defence of this country, and vital to jobs and skills here in Plymouth.”

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Mr Streeting’s visit comes a month after the government announced that Devonport would receive £7.1bn for upgrades over the next decade in a bid to improve the Royal Navy’s “readiness, availability and lethality”, while supporting thousands jobs in the West of England. The funding is part of a £26bn package of measures that also includes investment in HMNB Clyde and HMNB Portsmouth, including new submarine docks, waterfront facilities, berths and jetties.

The government’s Defence Investment Plan has pledged to transform the UK Commando Forces by funding new high-speed boats and the latest drone and autonomous technology.

In September, Plymouth was also named as one of five key defence growth areas in the UK Defence Industrial Strategy.

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FDA issues recall for Donutful mini donuts over undeclared milk

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FDA issues recall for Donutful mini donuts over undeclared milk

A snack company is recalling certain lots of donuts after an allergic reaction was reported, the U.S. Food and Drug Administration (FDA) said Monday.

The Better Bakehouse Snack Company said select lots of Donutful Chocolate Dipped Vanilla Cake Donuts were being recalled because the product may contain undeclared milk.

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The manufacturer discovered the donuts were mislabeled and has taken “corrective measures,” the FDA said.

FDA WIDENS CYCLOSPORA OUTBREAK INVESTIGATION TO SIX MORE STATES AS CONFIRMED CASES TOP 6,000

Chocolate donuts

The Better Bakehouse Snack Company said select lots of Donutful Chocolate Dipped Vanilla Cake Donuts were being recalled because the product may contain undeclared milk. (FDA / Fox News)

“People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume this product,” warned the recall notice. The person who became ill has recovered, officials said.

LETTUCE FARMERS PLOW CROPS BACK INTO SOIL AS CYCLOSPORIASIS FEARS TANK DEMAND FOR FRESH GREENS

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FDA

A sign for the Food And Drug Administration is seen outside of the headquarters on July 20, 2020 in White Oak, Maryland.  (Photo by Sarah Silbiger/Getty Images / Getty Images)

The recall is limited to certain lots made and distributed in March 2026: Donutful Chocolate Dipped Vanilla Cake Donuts, 10 Mini Donuts, packaged in a 7.05 oz carton containing five 1.41-ounce pouches, with UPC: 3 50041 39210 3.

The product was distributed to retailers nationwide and through Amazon.com, the FDA said.

Various donuts being displayed.

The Better Bakehouse Snack Company said select lots of Donutful Chocolate Dipped Vanilla Cake Donuts were being recalled because the product may contain undeclared milk. (Getty Images / Getty Images)

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“Consumer safety is The Better Bakehouse Snack Company’s #1 priority and the company maintains rigorous food safety and quality control standards,” the company said in a statement released by the FDA. “The Better Bakehouse Snack Company is working with the contract manufacturer and retailers to remove any remaining affected product from the marketplace.”

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BioArctic AB (publ) 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:BRCTF) 2026-08-26

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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At Close of Business podcast August 26 2026

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At Close of Business podcast August 26 2026

Jack McGinn speaks to Nadia Budihardjo about Business News‘ recent power and energy feature.

Plus: Lynas profit surges on record prices; Sale of Rottnest ferry service scrapped; Forrest’s $10.5m Cottesloe housing plan approved.

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ReGen and Tactica team up

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ReGen and Tactica team up

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
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Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

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Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

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Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
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Only subscribers have full access to all content on the Business News website.

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If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

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Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

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The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

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City of Perth CEO Michelle Reynolds’ return in limbo

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City of Perth CEO Michelle Reynolds’ return in limbo

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
to discuss the right option for your organisation.

Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

  • Unlimited access to WA’s most trusted business journalism
  • Data & Insights — detailed profiles of WA companies, people, projects and deals
  • MyBN — a personalised feed based on the companies, people and sectors you follow
  • Special publications and industry reports
  • Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

  • Look up detailed profiles of WA companies, including financials, directors and ownership
  • Find decision-makers and track their career movements
  • Research live and completed projects across WA industries
  • Monitor deals, appointments and market activity
  • Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

Advertisement

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

Advertisement

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

  • Executives and directors tracking competitors, clients and market movements
  • Investors and advisers researching companies, deals and industry trends
  • Consultants and professionals staying across sectors relevant to their clients
  • Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

Advertisement

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
Sign up for free.

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Australian share gains derailed by inflation surprise

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Australian share gains derailed by inflation surprise

Australia’s share market has handed back an early lead to end the session lower, after hotter-than-expected inflation figures raised the odds of incoming interest rate hikes.

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America’s New Luddites Are Coming For The AI Data Center Boom

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America's New Luddites Are Coming For The AI Data Center Boom

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Frank Holmes is a Canadian-American investor, venture capitalist and philanthropist. He is CEO and chief investment officer of U.S. Global Investors, a publicly traded investment company based in San Antonio, TX, that oversees more than $4 billion in assets (Nasdaq: GROW). He is known for his expertise in gold and precious metals and launching unique investment products. Holmes also serves as executive chairman of HIVE Blockchain Technologies, the first publicly traded cryptocurrency mining company (TSX.V: HIVE).

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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