Gujarat Flurochemicals gains on buy-back offer
Shares of Gujarat Flurochemicals advanced on Monday on reports that the company plans to buy-back shares from the open market. The company has also declared second interim dividend.
By INDIATIMES NEWS NETWORK |
MUMBAI: Shares of Gujarat Flurochemicals advanced on Monday on reports that the company plans to buy-back shares from the open market. The company has also declared second interim dividend.
At 10:56 am, the stock was at Rs 185.30, up 3.52 per cent on volume of 31,509 shares. It touched a high of Rs 204.65 and low of Rs 185.30 in intra-day trade.
Gujarat Flurochemicals announced to buy-back fully paid up equity shares of the face value of Re 1 per share at a price not exceeding Rs 300 per share amounting to Rs 61.43 crore.
The board has also declared second interim dividend of 100 per cent for the financial year 2007-08 at Re 1 per equity share.
On Wednesday, the stock had closed up 0.17 per cent at Rs 179.45 on the BSE.
At 10:56 am, the stock was at Rs 185.30, up 3.52 per cent on volume of 31,509 shares. It touched a high of Rs 204.65 and low of Rs 185.30 in intra-day trade.
Gujarat Flurochemicals announced to buy-back fully paid up equity shares of the face value of Re 1 per share at a price not exceeding Rs 300 per share amounting to Rs 61.43 crore.
The board has also declared second interim dividend of 100 per cent for the financial year 2007-08 at Re 1 per equity share.
On Wednesday, the stock had closed up 0.17 per cent at Rs 179.45 on the BSE.
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