India's Godawari Power and Ispat hits record high on share buyback plan

Godawari Power And Ispat

18/06/2024 05:37

** Shares of Godawari Power and Ispat  GDPI.NS  rise as much
as 7.8% to a record high of 1174.45 rupees
    ** Power co approves buyback of shares at 1400 rupees apiece
for upto 3.01 bln rupees ($36.06 mln)
     ** Shares priced at a premium to Friday's close of 1,065.55
rupees, as per LSEG data
    ** Stock eyes third straight session of gains if trend holds
    ** Stock last up 3.4%; rose ~48% YTD including session's
gains, vs ~14.8% rise in Nifty 500 index  .NIFTY500 
    


($1 = 83.4780 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com; +91 6001289066;))