Shares of Gail India jumped 4 per cent to Rs 153.25 on the BSE in Monday’s intra-day trade after the state-owned utility company announced that its board would consider buyback of shares in its board meeting on Thursday, March 31, 2022.
- Berger Paints India Q4 Earnings; Announced Rs 3.5 Dividend
- Granules India Shares Fall 2% as Q4 Earnings Failed to Impress Investors
- The MSCI (Morgan Stanley Capital International) India Index
- Mahindra and Mahindra Shares Hit 52-Week High Ahead of Q4
- SEBI Eases on KYC Compliance Rules for Mutual Fund Investors
“The meeting of the board of directors of the company will be held on Thursday, 31st March 2022, to among other things consider buyback of the fully paid-up equity shares of the Company,” Gail India said on Friday, March 25, aftermarket hours.
The stock quoted higher for the fourth straight trading day and gained 7 per cent during the same period. At 02:06 pm, it was up 3 per cent at Rs 152.40, as against a 0.1 per cent rise on the S&P BSE Sensex. The trading volume at the counter more-than-doubled with a combined 21.3 million equity shares changing hands on the NSE and BSE.