Promoters of Indian companies have begun to buy back shares, investing over ₹4,000 crore in 18 stocks as market valuations have declined sharply. Notable purchases include ₹2,301 crore by Godrej Properties and ₹1,800 crore by Adani Enterprises, despite their stocks dropping 26.6% and 21.47%, respectively, in the last quarter. This shift comes after a significant period of selling, where promoters sold $56 billion worth of shares over two years, leading to a historic low in promoter shareholding at 48.4% in BSE-500 companies. The decline in private promoter shareholding in NSE-listed companies has also reached a nine-year low of 40.58%. Analysts suggest that the recent buying activity may indicate a confidence in normalized valuations, as the MSCI India Index has decreased by 6% in 2026. However, the average stock price of companies with promoter buying fell by 21%, raising concerns about whether this marks a market bottom or if promoters are simply averaging down in a continuing downturn.