Cosmo Films surges 9% as Board to consider share buyback plan

The board of directors of the company is scheduled to meet on Monday, October 26, 2020 to consider the proposal for buy-back of equity shares of the Company

Shares of Cosmo Films moved higher by 9 per cent to Rs 468 on the BSE on Monday after the company announced a share buyback plan.

"A meeting of board of directors of the Company is scheduled to be held on Monday, October 26, 2020 to consider the proposal for buy-back of equity shares of the Company and other matters necessary/incidental thereto," Cosmo Films said in a exchange filing today.

The stock of container and packaging company has rallied 17 per cent in the past seven trading days. It hit a record high of Rs 491 on August 20, 2020. Cosmo Films