Indian Energy Exchange up near 6% on share buyback plan

Indian Energy Exchange

21/11/2022 05:21

** Shares of Indian Energy Exchange Ltd  IIAN.NS  rise as
much as 5.7% to 146.35 rupees, their biggest intraday percentage
gain since Feb. 25
    ** Co on Friday said that its board will consider a share
buyback in a meeting scheduled for Nov. 25 
    ** Stock hits its highest since Nov. 15
    ** More than 10.6 shares change hands by 0514 GMT vs 30-day
avg of 4.2 mln shares
    ** Three of the 12 analysts covering the stock have a "buy"
or "strong buy" rating, three have "hold," while six rate it at
"sell" or "strong sell;" median PT is 137.50 rupees - Refinitiv
data
    ** Stock down 45.2% YTD, up to last close
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))