Tuesday 11 November 2008

Binani Industries to consider buy back, stk up 20%

Binani Industries has touched an intraday high of Rs 37.20 and an intraday low of Rs 32.40. At 3:09 pm, the share was quoting at Rs 37.20, up Rs 6.20, or 20%.

As pr BSE announcement, A meeting of the Board of Directors of the company will be held on November 18, 2008, inter alia, to consider, buy-back of shares, amendment to Articles of Association and to fix the date and time for convening an Extraordinary General Meeting of the company.

There were pending buy orders of 9,252 shares, with no sellers available. It was trading with volumes of 177,956 shares.

Yesterday the share closed down at Rs 31.

Source: Moneycontrol

Posted by Harsh at 07:35

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