The Latest Breaking News from Tips Music

Tips Music's Rs 44.5 crore open-market share buyback is expected to support its stock price, according to JM Financial, which reiterated its 'Buy' rating. The brokerage cited strong profitability, healthy revenue and profit growth guidance, shareholder-friendly capital allocation, and over 20% upside despite near-term pressure from higher content investments.

Tips Music has announced a Rs 44.5 crore share buyback initiative, offering a premium exceeding twelve percent on equity shares. This marks one of the first buybacks utilizing the open market approach since SEBI’s reinstatement. In response to the buyback news, Tips Music shares experienced a slight uptick, reflecting the…