Tuesday, January 27, 2009

Indiabulls Securities up 15% on buyback news

Shares of Indiabulls Securities rallied over 15 per cent to Rs 20 in early trade Tuesday, on the announcement that the company would consider buyback when their board meets on Feb 2.

The company was the highest gainer on the BSE with volumes of 510,507 shares as against two week average of 31,8200 shares.

Amongst the broking firms, it would be the second firm to consider buy back of shares after Indiainfoline announced their buy back plans in December.

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