Stocks of software company R Systems International surged over 10 per cent today over reports that the company plans a buy-back of shares.
R Systems' stock zoomed 9.57 per cent to settle at Rs 75.60 on the BSE. During the day, it soared 17.24 per cent to Rs 80.90 -- its 52-week high.
At the NSE, it rallied 10.17 per cent to close at Rs 75.80.
On the volume front, 2.47 lakh shares of the company changed hands at the BSE, while over 7 lakh shares were traded at the NSE during the day.
In a filing to the BSE, R Systems International said, "A meeting of the Board of Directors of the company will be held on December 20, 2014, inter alia, to consider and approve the proposal for buy-back of equity shares.
