Garware Technical Fibres, known for manufacturing fishing nets, is expected to announce a share buyback on May 8. This move continues the company's tradition of buybacks, with previous announcements in 2020, 2022, and 2024. The last buyback was valued at nearly ₹200 crore (roughly $24 million USD), with shares repurchased at ₹3,800 each, reflecting an 11% premium over market prices at the time. ICRA, a domestic ratings agency, has reaffirmed its strong ratings for Garware, highlighting its robust financial health, market leadership, and consistent dividend payouts. Currently, Garware shares are trading at approximately ₹641.90, having gained about 3% recently, but have seen a decline of nearly 8% in 2026 and 26% over the past year. The company's market capitalization stands at around ₹6,372 crore (roughly $765 million USD).