Shares of Ipca Laboratories climbed 7 per cent after it said its board would consider a share buyback.
The firm, which plans to use a portion of its Rs 600 crore cash reserve to fund the repurchase, will decide the price for the buy-back and the size of its investment at a board meeting on November 11.
At noon, the company's shares were up 6.9 per cent at Rs 410. The stock had fallen 42 per cent to a low of Rs 331 this year.
Source: EconomicTimes
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