Buyback plan boosts Indian Energy Exchange
Indian Energy Exchange gained 3.73% to Rs 162.50 at 09:29 IST on BSE after the company scheduled a board meeting on 20 December 2018 to consider share buyback proposal.
The announcement was made after market hours yesterday, 13 December 2018.Meanwhile, the S&P BSE Sensex was up 13.62 points, or 0.04% to 35,943.26
On the BSE, 6,551 shares were traded in the counter so far compared with average daily volumes of 5,892 shares in the past two weeks. The stock had hit a high of Rs 171 and a low of Rs 160.60 so far during the day.
The company's net profit rose 30.65% to Rs 42.67 crore on 23.13% rise in total income to Rs 75.22 crore in Q2 September 2018 over Q2 September 2017.
Indian Energy Exchange is a professionally managed company and is the largest exchange for trading of range of electricity contracts in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 14 2018 | 9:39 AM IST