Thomas Cook (India) shares hit upper circuit on share buyback buzz

Thomas Cook (India) shares hit upper circuit on share buyback buzz

The stock opened on a positive note at Rs 44 and gained momentum to hit its upper circuit at Rs 49.30, up 19.95 per cent over previous close.

PTIUpdated: Thursday, February 20, 2020, 12:46 PM IST
article-image
Thomas Cook |

New Delhi: Shares of Thomas Cook (India) were locked in the upper circuit on Thursday ahead of a meeting to consider and approve proposal for buyback of equity shares of the company.

The stock opened on a positive note at Rs 44 and gained momentum to hit its upper circuit at Rs 49.30, up 19.95 per cent over previous close. On the NSE, the stock zoomed 20 per cent (its upper price band) to Rs 49.50.

Earlier in the day, the company informed the exchanges that "a meeting of the board of directors is scheduled to be held on Wednesday, 26th February, 2020... to inter alia, consider and approve proposal for buyback of equity shares of the company," Thomas Cook (India) said in a BSE filing.

RECENT STORIES

GrowthX: Pioneering Peer Learning And Structured Growth Strategies

GrowthX: Pioneering Peer Learning And Structured Growth Strategies

Sensor Tower Data Shows KuCoin As The Most Downloaded App In India

Sensor Tower Data Shows KuCoin As The Most Downloaded App In India

Mumbai News: MHADA To Pay Rent In One Instalment To BDD Chawl Tenants

Mumbai News: MHADA To Pay Rent In One Instalment To BDD Chawl Tenants

CII Pitches For Marginal Tax Relief For Individuals, Higher Wages Under MNREGA In Budget

CII Pitches For Marginal Tax Relief For Individuals, Higher Wages Under MNREGA In Budget

Mumbai News: MahaRERA Mandate On Allocating Parking Spaces A Welcome Move

Mumbai News: MahaRERA Mandate On Allocating Parking Spaces A Welcome Move