The company said it would buy shares amounting to Rs 30 crore, with promoters intending to participate in the buyback as well
The stock was trading 2% higher at Rs 528, extending its previous day's 5% gain on the BSE, after Smallcap World Fund bought 1.93% stake in the company via open market
The stock hit a high of Rs 438.50 and a low of Rs 416 so far during the day