KPR Mill surges 7%, board to consider buyback

Board meeting to be held on February 22, 2018, to consider buyback.

Feb 19, 2018 10:02 IST India Infoline News Service

Material-rolls, Textile
KPR Mill Ltd (KPR) surged 7% after the company announced its plan to consider the buyback. The company has called for a board meeting to take up the buyback.

"A meeting of the board of directors is scheduled to be held on Thursday, February 22, 2018, to consider the proposal for buy-back of the fully paid-up equity shares of the company," KPR said in its filing.

KPR Mill Ltd is currently trading at Rs721.9, up by Rs46.7 or 6.92% from its previous closing of Rs675.2 on the BSE. The scrip opened at Rs698.4 and has touched a high of Rs730. The stock is currently trading below its 200-DMA.

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