Supreme Industries soars on buyback buzz

DALAL STREET SPIKES

Supreme Industries rose 8.58 per cent to Rs 117.65 on news that the company’s board will meet on November 26 to consider buyback of shares. The company intends to buyback not more that 10 per cent of its net worth.

The stock made an intraday high of Rs 122 and a low of Rs 113 with trading volumes of 4,911 shares. The stock made a 52-week high of Rs 420 on December 20, 2007 and a low of Rs 100 on November 7, 2008.