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Dhanuka Agritech up 7% after Co fixes buyback price at Rs 1,000 per share

The stock had hit a 52-week high of Rs 935 on July 20, 2020.

Following the sharp run-up, returns are expected to plateau.
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For the quarter ended June 2020 (Q1FY21), the company's consolidated net profit surged 253.03 per cent to Rs 51.79 crore.

SI Reporter New Delhi
Shares of Dhanuka Agritech rallied nearly 7 per cent to Rs 820 apiece on the BSE on Thursday, a day after the company approved the buyback of up to 10,00,000 equity shares at a final price of Rs 1,000 per share for an aggregate amount not exceeding Rs 100 crore. 

At 09:37 AM, the stock was trading around 5.5 per cent higher at Rs 810 on the BSE against Wednesday's close of Rs 768.30. In comparison, the S&P BSE Sensex was trading 0.38 per cent lower at 39,155 levels. 

The stock had hit a 52-week high of Rs 935 on