India's Cosmo First rises on share buyback

Cosmo First

01/12/2022 09:14

** Shares of Cosmo First  CSFL.NS  rise as much as 5.1% to
843.80 rupees, their highest since Oct. 19
    ** Co, which manufactures semi-finished products of
plastics, on Thursday approved a buyback of up to 1.08 billion
rupees ($13.29 million) of shares
    ** Buyback price set at 1,070 rupees per share
    ** CSFL on track for fifth straight session of gains
    ** More than 430,000 shares traded by 2:30 p.m. IST, 4.9
times their 30-day avg
    ** Stock down 13.83% YTD, as of last close
($1 = 81.2775 Indian rupees)
 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))