HT Media hits 52-week high on share buyback report
The board will meet on May 14, to consider a proposal for buy-back of equity shares of the company.
HT Media has surged 9% to Rs 112 after the company announced buyback of its own equity shares.
“The board of directors of company will meet on May 14, to consider a proposal for buy-back of equity shares of the company,” HT Media, the publishers of the Hindustan Times newspaper said in a regulatory filing.
The stock opened at Rs 106 and hit a 52-week high of Rs 124 BSE. A combined around 31,281 shares changed hands on the counter till noon deals on BSE and NSE.
“The board of directors of company will meet on May 14, to consider a proposal for buy-back of equity shares of the company,” HT Media, the publishers of the Hindustan Times newspaper said in a regulatory filing.
The stock opened at Rs 106 and hit a 52-week high of Rs 124 BSE. A combined around 31,281 shares changed hands on the counter till noon deals on BSE and NSE.
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First Published: May 10 2013 | 1:35 PM IST