SJVN surges on buyback news

about 6 years ago
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SJVN is the top gainer on the BSE, hitting a new 52-week high today at Rs.39.90, rising almost 16%. There has been a tremendous surge in volumes – over 14 lakh shares changed hands today compared to two-week average volume of around 1.5 lakh shares.

The stock price hit a new high on news of buy back. The PSU stated yesterday that its Board is scheduled to meet on the 8th of Jan to consider the proposal for buy back of equity shares.

As at 30th Sept 2017, the Govt held 89.97% stake with FIIs holding 3.47%.

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