Buyback offer proposal boosts EID Parry

DALAL STREET SPIKES

EID Parry India moved up 11.40 per cent to end today at Rs 173.05 on a proposal to consider a buyback offer of its equity shares. The company’s directors will meet on October 29 to decide on the issue and approve the unaudited financial results for the quarter ended September 2008.

The stock touched an intraday high of Rs 179.9 and a low of Rs 157.5. About 11,019 shares were traded with delivery of around 68 per cent shares. The stock hit a 52-week high of Rs 510 on January 4 and a 52-week low of Rs 64.55 on October 16.