Infinite Computer zooms as board approves buyback

The company's board approved buyback of equity shares at Rs. 220 each for an aggregate amount not exceeding Rs. 31 crore.

Jun 24, 2015 04:06 IST India Infoline News Service

Infinite Computer
Infinite Computer Solutions zoomed 5 percent to Rs. 171.20 after the company's board approved buyback of equity shares at Rs. 220 each for an aggregate amount not exceeding Rs. 31 crore.

The stock hit a high of Rs. 171.20 and low of Rs. 169 on BSE today. The total traded quantity was 0.23 lakh shares and two-week average quantity is 0.76 lakh.

On Wednesday, the BSE index rallied to a high of 27,948 - up 144 points from the previous close. However, the late sell-off saw the Sensex tumbled over 300 points to a low of 26,647. Profit-taking was evident across sectors, with PSU banks and metal stocks bearing the brunt of the selling pressure.

The Sensex finally ended with a minor loss of 75 points at 27,730, and in the process broke its eight day winning streak wherein the benchmark had rallied as much nearly 5.5 percent (1,433 points).

The NSE Nifty jumped above the 8,400-level to touch a high of 8,421, but fizzled out and tanked to a low of 8,339 - down 82 points in intra-day trades. The Nifty finally ended 21 points lower at 8,361.

The India VIX (Volatility) index rose by nearly 6 percent to 15.915.

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