48 companies spent Rs 48,079 crore on buying back their stocks in 2023, according to data from Prime Database. Like Apple in the US, IT giant TCS in India has spent the most on buying back its shares over the past decade. Most firms that have gone for buybacks are typically from the cash-generating and low capex sectors such as IT, FMCG and pharma. Here’s a look at companies that spent the highest amount on buying back their shares:
Mid- and small-cap pressure persists as valuation concerns deepen: Harsha Upadhyaya
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in
December 11, 2025