R Systems hits 52-week high on share buyback plan; zooms 106% in six months

The stock surged 18 per cent to Rs 56.40, also its 52-week high on the BSE in intra-day trade after the company said its board will consider share buyback proposal on Tuesday, January 15, 2019.

Shares of R Systems International have surged 18 per cent to Rs 56.40 apiece, also their 52-week high on the BSE in intra-day trade, after the company said its board will consider share buyback proposal on Tuesday, January 15, 2019. The stock of information technology (IT) and IT-enabled services provider was trading at its highest level since April 24, 2017.

In the past six months, R Systems International has zoomed 106 per cent from the level of Rs 27.40 on July 9, 2018, as compared to a 1 per cent rise in the S&P BSE Sensex.

The company