Sasken Communication Technology surged 32.62 per cent to Rs 190.90 on the BSE after its board approved a proposal for buyback of shares from open market at a price not exceeding Rs 260 a share for an

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The scrip had average daily volumes of 6.66 lakh shares in the past two weeks. The current price of Rs 190.90 discounts the Q4 March 2008 annualised EPS of Rs 9.93 by a PE multiple of 19.22. The buyback price of Rs 260 is at a premium of 36.2 per cent to the current price of Rs 190.90. </P></p><p class='TableClas'></p></table>


Sasken Communication soars on buyback nod

DALAL STREET SPIKES

More From This Section

Idea shares fall after Q3 earnings disappoint

BofA-Merrill raises Indiabulls to 'buy', stock gains

Suzlon stocks jump 17% on CDR approval

Maruti Suzuki rallies as Q3 profit beats analyst's estimates

Explore News