Sasken Technologies opened today in the positive, to rise 11% to Rs.728.60. Its UC is at 20% and today it is at Rs.788.40.
The stock price has surged today, reacting to the news that its Board is scheduled to meet on the 23rd of April to consider buy-back of fully paid-up equity shares of the company.
The same day, 23rd April, the company will also announce its performance for Q4FY19 and FY19.
Promoters, as at 31st March 2019, hold 42.40% stake , FIIs hold 17.98% and non-institutional holding is at 38.79%.
The number of FIIs holding stake has come down from 30 to 24 in Q4.