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HomeInvestmentAmrutanjan Health Care shares rally 12 per cent on buyback proposal

Amrutanjan Health Care shares rally 12 per cent on buyback proposal


Amrutanjan Health Care Ltd shares rallied 12 per cent during Tuesday’s trading session after the company announced a board meeting to consider a share buyback. 

On Monday, the Chennai-based company intimated exchanges that its board will meet on June 30 to consider a proposal to buyback its fully paid-up equity shares of face value of ₹1 each.

Amrutanjan shares, which closed at ₹633.65 apiece on the NSE on Monday, rallied nearly 12 per cent to touch an intraday high of ₹708.80 apiece. The shares were trading at ₹678.95 apiece, 7 per cent higher than the previous day’s closing price, at the time of this report. 

The stocks hit a 52-week high on August 12, 2022 at ₹847.25 per share, while it tested a 52-week low of ₹554.05 apiece on March 31, 2023.




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