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KIOCL gains 11% as board mulls share buyback proposal

The stock moved higher by 11% to Rs 195 on the BSE after the state-owned company announced that its board will meet on Tuesday, September 18, 2018, to consider share buyback proposal.

Share prices get boost after buyback
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SI Reporter Mumbai
Shares of KIOCL have moved higher by 11% to Rs 195 per share on the BSE after the state-owned company announced that its board will meet on Tuesday, September 18, 2018, to consider share buyback proposal. The stock bounced back 16% from its intra-day low of Rs 168 touched in early morning deal.

“The meeting of the board of directors of the Company is scheduled on 18/09/2018, to consider and approve buy-back of equity shares of the Company of face value of Rs 10 each, including matters related / incidental thereto and any other matter as the board of