Quotes with Resistance & Support
Market Information

Geodesic gains on share buyback, dividend plans

This article was posted on Nov 26, 2012 and is filed under Market News

The board of directors of the company scheduled to meet on November 27 to decide on buyback of equity shares.

Geodesic has surged 5% at Rs 40.60 ahead of its board meeting tomorrow to consider a share buyback proposal.

“The board of directors of the company is scheduled to meet on November 27, 2012 to decide on buyback of equity shares of the company,” the mid-sized IT company said in a filing.

The board will also consider recommendation of dividend on equity shares of the company, if any, it added.

The promoters currently hold 25.35% stake in the company. Foreign institutional investors have 29.29% holding, while the remaining 44.55% sake are with the others, include individual shareholders (31.68%) and bodies corporate (9.39%), data shows.

The stock opened at Rs 39.50 and touched high of Rs 41.25 on the BSE. A combined 215,359 shares have changed hands on the counter so far on both the exchanges.

Source: Business Standard

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments