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Sasken spurts as board to consider buyback proposal

Capital Market 

Sasken Technologies surged 7.33% to Rs 705.15 at 09:26 IST on BSE after the company scheduled a board meeting on 23 April 2019 to consider buy-back of fully paid-up equity shares of the company.

The announcement was made after market hours on Tuesday, 16 April 2019.

Meanwhile, the S&P BSE Sensex was up 153.46 points or 0.39% at 39,429.10

On the BSE, 1,495 shares were traded on the counter so far as against average daily volumes of 3,429 shares in the past two weeks. The stock had hit a high of Rs 715 and a low of Rs 672.25 so far during the day.

Sasken Technologies' consolidated net profit fell 11.29% to Rs 18.07 crore on 7.93% fall in net sales to Rs 121.41 crore in Q3 December 2018 over Q3 December 2017.

Sasken Technologies is engaged in software development.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 18 2019. 09:30 IST