India's Rane Brake Lining jumps on share buyback plan

Rane Brake Linings

13/10/2020 07:34

(Repeats to widen distribution with no changes to text)
    ** Shares of Indian auto components maker  RABL.NS  jump
13.8% to 663.7 rupees, their highest since Aug. 28
    ** RABL said https://www.bseindia.com/xml-data/corpfiling/AttachLive/9ab1747c-1bcd-4df8-ac50-fc897639baf4.pdf
 on Monday it will consider a share buyback plan on Oct. 15
    ** Stock sees biggest intraday pct jump since June 23
    ** Nearly 100,000 RABL shares change hands in the first 15
mins of trade, 7 times its 30-day avg
    ** RABL down 19% YTD vs a 2% dip each in the Nifty Auto
Index  .NIFTYAUTO  and the benchmark NSE Nifty Index  .NSEI 

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))