 "R Systems International surges 25% in three-days on share buyback plan")
Shares in R Systems International has surged 5% to Rs 85.70, extending its past two day rally on the National Stock Exchange (NSE), after the company announced share buyback plan.
The stock opened at Rs 82.90 and hit a fresh 52-week high of Rs 87.15 on NSE. The trading volumes on the counter almost doubled with a combined 372,527 shares changed hands till 1437 hours on NSE and BSE.
In past three trading sessions, the stock rallied 25% from Rs 68.80 on December 10, after the company on December 11, said that its board of directors will meet on December 20, 2014, to consider and approve the proposal for buy-back of equity shares of the company. The CNX Nifty declined 1.65% during the same period.
On December 12, the company said the board of directors of the company at its meeting scheduled on December 20, 2014 in addition to the other business items, shall also consider the declaration of fourth interim dividend, if any, for the year 2014.
The company has fixed December 29, 2014 as record date for the purpose of determining entitlement of shareholders to the fourth interim dividend.
The stock opened at Rs 82.90 and hit a fresh 52-week high of Rs 87.15 on NSE. The trading volumes on the counter almost doubled with a combined 372,527 shares changed hands till 1437 hours on NSE and BSE.
In past three trading sessions, the stock rallied 25% from Rs 68.80 on December 10, after the company on December 11, said that its board of directors will meet on December 20, 2014, to consider and approve the proposal for buy-back of equity shares of the company. The CNX Nifty declined 1.65% during the same period.
On December 12, the company said the board of directors of the company at its meeting scheduled on December 20, 2014 in addition to the other business items, shall also consider the declaration of fourth interim dividend, if any, for the year 2014.
The company has fixed December 29, 2014 as record date for the purpose of determining entitlement of shareholders to the fourth interim dividend.
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