Aarti Industries trades at 52-week high after Board approves for share buyback

India Infoline News Service | Mumbai | October 18, 2016 12:52 IST

The company informed BSE that the Board of Directors approved the buyback up to 12,00,000 fully paid-up equity shares of face value of Rs 5 representing up to 1.44% of the total number of equity shares of the company at a price of Rs 800.

Aarti Industries
Aarti Industries Ltd is currently trading at Rs 736.5, up by Rs 31.85 or 4.52% from its previous closing of Rs 704.65 on the BSE. The company informed BSE that the Board of Directors approved the buyback up to 12,00,000 fully paid-up equity shares of face value of Rs 5 representing up to 1.44% of the total number of Equity Shares of the Company at a price of Rs 800.

The scrip opened at Rs 720 and has touched a high and low of Rs 740 and Rs 720 respectively. So far 135340 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5871.17 crore.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 730 on 14-Oct-2016 and a 52 week low of Rs 417 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 730 and Rs 685.4 respectively.

The promoters holding in the company stood at 54.8 % while Institutions and Non-Institutions held 15.47 % and 29.72 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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