India's Kaveri Seed up as buyback starts

Kaveri Seed

29/02/2024 05:35

** Shares of Kaveri Seed Company  KVRI.NS  up 5.7% to 693
rupees, its highest intraday pct gain since Jan. 31
    ** Stock at highest level since Feb. 2
    ** Agro firm's buyback of shares begins on Thursday and
closes on March 6
    ** KVRI had lost ~8% since Feb. 2, when it posted a 69%
slump in qtrly profit
    ** Shares see busiest day in over 3 weeks with more than
170,000 shares traded
    ** Stock rose 11.6% YTD, continuing a 18.5% jump from 2023

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))