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Published on 9/01/2018 1:05:28 PM | Source: Dion Global Solutions Ltd

Aarti Drugs spikes 7% as board approves share buyback

Posted in Stock On The Move| #Pharma Sector #Stock On The Move #Aarti Drugs Ltd

Shares of Aarti Drugs rallied over 7 per cent on the Bombay Stock Exchange after the drug maker’ board approved share buyback at a price of Rs 875 per share through tender offer. Driven by share buyback plan, stocks of the company gained as much 7.21 per cent and touched an intra-day high of Rs 784.80 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 4.88 per cent higher at Rs 767.85 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,450.36, up 97.58 points, or 0.28 per cent, at 11:25 hours.