Justdial shares surge nearly 7% on share buyback plan1 min read . Updated: 20 Jul 2017, 05:25 PM IST
During the day, Justdial shares jumped 9.98% to Rs389.85 on BSE
New Delhi: The scrip of local search engine Justdial surged nearly 7% today as the company’s board will meet next week to consider a proposal for share buyback. Shares of the company soared 6.69% to settle at ₹ 378.15 on BSE.
During the day, it jumped 9.98% to ₹ 389.85. At NSE, shares of the company went up sharply by 6.65% to end at ₹ 378.05.
On the volume front, 12.20 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.
“With reference to the earlier intimation of the meeting of the board of directors to be held on July 24, 2017... the board will also consider a proposal for buyback of equity shares of the company at the said meeting," Justdial said in a BSE filing on Thursday.
The company, however, did not elaborate on the quantum of buyback.