The shares of Godrej Industries, the flagship of the Rs 9,200 crore Godrej group, vaulted 13.35 per cent to Rs 177.90 after the company said that its board will meet on July 29 to consider a buyback of shares.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The stock has corrected by 58 per cent since the beginning of this year and this could have prompted the management to make such a move. 
</p><p class='TableClas'>According to regulatory norms, the company will be able to buy back up to 10 per cent shares from the open market. A total of 12,33,109 shares were traded on the counter. </P></p><p class='TableClas'></p></table>


Godrej Industries soars on buyback buzz

DALAL STREET SPIKES

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