India's Dhanuka Agritech rallies after co fixes buyback price at 30% premium

Dhanuka Agritech

17/09/2020 07:39

** Shares of agrochemical maker  DHNP.NS  rise as much as
9.14% to 839 rupees in their biggest intraday rise since July 22
    ** Gurgaon, Haryana-based co on Wednesday approved buyback
of up to 1 mln shares at 1,000 rupees per share  urn:newsml:reuters.com:*:nFWN2GC0U4
    ** Buyback price represents ~30% premium to stock's
Wednesday's close
    ** 227,851 shares change hands vs 30-day avg of 115,515 by
0608 GMT
    ** Stock hit a record high on July 20 and has lost ~13% in
value since 
    ** Including session's gains, stock has more than doubled
YTD

 (Reporting by Vibhuti Sharma in Bengaluru)