** Shares of Capral CAA.AX rise 9% to A$10.55, their highest levels since December 8, 2009
** The aluminium products manufacturer starts an on-market share buyback programme for the purchase of up to 10% of its issued shares
** Says share buybacks will form a major portion of value returned to co's shareholders
** Co also logs FY24 NPAT of A$32.5 million ($20.57 million), compared with A$31.8 million last year
** Stock rose as much as 9.3% in early trade
** More than 48,000 shares change hands, 7.2 times the 30-day avg
** Capral stock up 6% YTD, including current session's moves
($1 = 1.5803 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.