Moneycontrol > News > Business

Feb 27, 2013, 11.21 AM IST

SMS Pharma hits 52-week high on buyback proposal

Shares of SMS Pharmaceuticals gained nearly 10 percent in early trade to touch a 52-week high of Rs 239.95 on Wednesday after the board of directors approved buy-back proposal worth Rs 46.5 crore (not exceeding 15,50,000 number of shares) at Rs 300 per share yesterday.

Source: Moneycontrol.com
Share Share on Tumblr
Share  .  Email  .  Print  .  A+
Shares of SMS Pharmaceuticals gained nearly 10 percent in early trade to touch a 52-week high of Rs 239.95 on Wednesday after the board of directors approved buy-back proposal worth Rs 46.5 crore (not exceeding 15,50,000 number of shares) at Rs 300 per share yesterday.


The company said the buyback was proposed to be carried out from open market through the Bombay Stock Exchange and the National Stock Exchange.


At 10:49 hours IST, shares rallied 5.51 percent to Rs 230.85 amid hefty volumes on Bombay Stock Exchange., up Rs 12.05, or 5.51%.
 
Market capitalisation of the company currently stands at Rs 231.20 crore.


To see all Budget related News Click Here  


Set email alert for

Tags: SMS Pharmaceuticals, buy-back
Karl Slym has fix for ailing Tata Motors

Related News
5 Online test prep sites for GRE
Forget Sreesanth, 8 indicators that your mobile data is compromised "Forget Sreesanth, 8 indicators that your mobile data is compromised"
GPS must for staff pick-drop vehicles in Gurgaon: Court
If charges are true, it's sad for the game: Preity Zinta on spot-fixing

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18
News Videos

May 20 2013, 23:30

Keen to build trade and investment with China: Singhania

- in World News

May 20 2013, 12:21

Remain bearish on gold & silver: Motilal Oswal

- in Commodities

Follow moneycontrol.com

Facebook Twitter Google Plus RSS Wap SMS SMS Alert iPad iPhone Blackberry OVI Android Window