JB Chemicals is shooting up to UC after buy back :)

JB Chemicals is shooting up to UC after buy back. I have big lot in portfolio

Shares of JB Chemicals and Pharmaceuticals added nearly 10 percent intraday Thursday as company is going to consider buyback of shares.



A meeting of the board of directors of the company is scheduled on August 31 to consider and approve the proposal for buyback of fully paid-up equity shares by the company.

The share touched its 52-week high Rs 344 and 52-week low Rs 236 on 01 January, 2018 and 11 July, 2018, respectively.


Currently, it is trading 5.67 percent below its 52-week high and 37.5 percent above its 52-week low.


At 13:05 hrs JB Chemicals and Pharmaceuticals was quoting at Rs 324.50, up Rs 21.15, or 6.97 percent on the BSE.

JB Chemicals & Pharmaceuticals Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on August 31, 2018 at which the Board will consider the proposal for Buy-back of fully paid-up Equity Shares by the Company and other matters incidental thereto pursuant to Article 190 of the Articles of Association of the Company, provisions of Sections 68, 69 and other applicable provisions, if any, of the Companies Act, 2013 and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 as amended.

Pdf Link: J.B.Chemicals & Pharmaceuticals Ltd. - Board to consider Buy-back of Equity Shares

Source : BSE - www.bseindia.com

 

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Thanks ended 6.68%. Hoping for best return from stock