Palred technologies - capital reduction - good or bad?

Generally speaking, a stock buy back is viewed favourably on the basis that the number of shares go down and so the EPS goes up. This leads to an increase in the stock price.

In the case of Palred Technologies, I can't find anything interesting about the company. They appear to be retailers of various computer and mobile phone items. On their website, they have listed out their achievements as selling mobile covers, power banks, cables, usb cards etc. These appear to be low value items and there appears to be intense competition in the market place. The growth rate over the past few years also is not impressive.

What is the reason Palred Technologies has caught your attention? Pl share that and then we can investigate it further.

https://www.palred.com/press_release.html
https://www.latestone.com/