Gujarat Apollo Industries rose 5.58% to Rs 140 at 9:17 IST on BSE after the company said that its board of directors will meet on 5 November 2015, to consider a proposal for buyback of equity shares of the company.
The announcement was made after market hours yesterday, 26 October 2015.
Meanwhile, the S&P BSE Sensex was down 101.91 points or 0.37% at 27,260.05.
On BSE, so far 704 shares were traded in the counter as against average daily volume of 1,344 shares in the past two weeks.
The stock hit a high of Rs 140 and a low of Rs 137 so far during the day.
Gujarat Apollo Industries reported a net profit of Rs 1.43 crore in Q1 June 2015 compared with net loss of Rs 0.49 crore in Q1 June 2014. Net sales rose 14.3% to Rs 13.54 crore in Q1 June 2015 over Q1 June 2014.
Gujarat Apollo Industries is engaged in road construction equipment business in India.
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