Matrimony.com opened in the positive at Rs.776.55 and rose to an intraday high at Rs.877.85 on the back of an 8x surge in volumes. Its 52-week high is at Rs.1219.
The stock price jumped up after the company stated that its Board has fixed 4th July as the record date for the proposed share buyback.
The company's board approved buyback of equity shares worth upto Rs 75 crore at final buyback price of Rs 1,150 per share. It will be buying back upto 2.85% of the total paid-up capital.