Nectar Lifesciences shares jump 20% as firm’s board set to consider share buyback on Dec 3

Nectar Lifesciences share price

The shares of Nectar Lifesciences jumped around 20 percent of November 28. This comes after the company announced that its board will consider a buyback of shares on December 3.

The Chandigarh-headquartered company’s shares hit the upper circuit at Rs 16.99 apiece in the early trading hours of Friday. The stock later pared some gains and was trading around 16.5 percent higher at Rs 16.49 per share, as seen at 9.55 am.

Nectar Lifesciences prospective share buyback:

In an exchange filling released in the post-market hours of November 27, Nectar Lifesciences announced that the trading window for shares by the company’s executives will remain closed from November 27 till the completion of 48 hours after the conclusion scheduled on December 3 to consider buyback of shares.

Buyback refers to a corporate action where a company repurchases its own shares from the existing shareholders.

No further details, including the buyback ratio, size or entitlement, along with record date for the prospective buyback of shares have been revealed yet.

Nectar Lifesciences share price history:

The shares of the pharma company have gained nearly 12 percent in the past five days, and more than 10 percent in the past one month. This however comes after the stock tumbled around 38 percent in the past six months. The stock is down over 58 percent in 2025 so far.

After hitting a 52-week high of Rs 44.41 apiece in December last year, the stock fell around 71 percent to hit a 52-week low of Rs 13.05 per share in August this year. The stock has recovered more than 30 percent since then. However, it is still down around 62 percent from its 52-week high.

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