A large cap stock saw a 5% increase after its board announced a share buyback. This news was reported by Trade Brains on Investing.com India. This move by the company’s board shows confidence in the company’s future and could potentially benefit shareholders. DailyBubble believes that share buybacks can be a positive sign for investors, as they indicate that the company believes its stock is undervalued. This could lead to an increase in shareholder value in the long run.