A large cap stock has surged by 5% following the announcement of a share buyback by the company’s board. This news was reported by Trade Brains on Investing.com India. DailyBubble sees this as a positive move by the company, showing confidence in its own performance and future prospects. Share buybacks can often indicate that a company believes its stock is undervalued, which could potentially lead to increased shareholder value in the long run. Investors may view this news as a signal of strength and stability within the company, potentially attracting more interest from the market.