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Thyrocare Technologies to consider share buyback; stock surges

Tanay Loya
/ Categories: Trending, Markets
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Thyrocare Technologies gained over 7.5 per cent in the early morning trade on Monday as the company announced plans to consider buyback of shares.

The company informed the exchanges that a meeting of its Board of Directors will be held on August 04, 2018 to consider a proposal to buyback equity shares of the company.

The meeting will also discuss postponing its 18th Annual General Meeting, scheduled to be held on August 11, 2018 to a later date, to enable the shareholders to consider the aforesaid proposal, the company added.

At 14:53 hours, Thyrocare Technologies was trading at Rs. 629.50 per share, up Rs. 39.55 or 6.4 per cent on NSE, on Monday. The stock opened at Rs. 619.80 from a previous close of Rs. 589.95 and touched an intraday high of Rs. 635 per share on NSE. So far, the stock has attracted a traded volume of 1,07,680 shares against a 10-day average volume of 9,781 shares on NSE.

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