Austin rises on share buyback

DALAL STREET SPIKES

Shares of Austin Engineering were locked in the 20 per cent upper circuit at Rs 59.4, after the company announced that its board would meet on January 8 to consider a share buyback. The stock made an intraday high of Rs 59.4 and a low of Rs 50.7.

The counter witnessed trading volumes of 12,390 shares (a five-fold jump over its two-week average); with delivery volumes at 55 per cent. The scrip made a 52-week high of Rs 153.25 (January 02) and a low of Rs 39.55 (October 24).