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Gitanjali to buy back shares for Rs 120 each; stk up 23%

This article was posted on Apr 16, 2009 and is filed under Stock News

Gitanjali Gems had touched an intraday high of Rs 94 and an intraday low of Rs 75. At 09:59 am, the share was quoting at Rs 89.70, up Rs 16.75, or 22.96% on the NSE.

The company will buy back shares up to Rs 144 crore at maximum Rs 120 per share, reports CNBC-TV18.

It was trading with volumes of 295,051 shares. Yesterday the share closed up 10.70% or Rs 7.05 at Rs 72.95.

source: Moneycontrol

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