India's VRL Logistics rises on share buyback approval

VRL Logistics

09/10/2026 05:27

** Shares of India's VRL Logistics VRLL.NS rise as much as 1.17% to 287.45 rupees 
** The transport services provider approves share buyback worth up to 2.8 billion rupees ($28.96 million)
** Company says buyback will help to return surplus cash to shareholders and improve financial ratios like return on equity (ROE) and earnings per share by reducing equity base
** Stock rated "strong buy" on avg by seven analysts, with median PT of 363 rupees - data compiled by LSEG
** Stock up 5.93%, YTD
     
   ($1 = 96.6875 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))