Shares of Great Eastern Shipping Company Ltd rose 1.8 per cent to Rs 230 in early trade on Tuesday after the company informed the BSE that the board meeting on August 8 will consider buyback of equity shares of the company.
The announcement, which was made after market hours on Monday, did not give any further details.
Meanwhile, the S&P BSE Sensex was down about one per cent or 190 points.
Till now, the stock hit a high of Rs 234.95 and a low of Rs 227.10 during the day. Its 52-week high and low were at Rs 291.50 and Rs 199.25, respectively.
Source: The Hindu Business Line
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