AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Scrips of cos buying back rise.
Byline: Vijay Gurav
: The buyback euphoria is back on the bourses, driving some share prices north even in a generally sluggish market.
The previous year saw buyback announcements by several companies and the trend seems to have continued this year with more and more companies joining the bandwagon.
The announcements have led to increased interest in the scrips of companies announcing buybacks which have, in fact, outperformed the market by a wide margin.
Hindalco is a notable example. The scrip shot up from as low as Rs 617 on December 20 to Rs 720 on January 25 on BSE, up 17 per cent. The Hindalco board, which met yesterday, decided to buyback up to 10 per cent of its equity capital at a price not exceeding Rs 825 a share through the open market route.
The Hindalco stock price, however, reacted on account of profit booking at higher levels during the last three days. From Rs 720 on January 25, it declined to Rs 693 on January 30.
Other companies, which have announced buyback plans recently, are Indian Resort Hotels, G G Dandekar Machine Works, Balrampur Chini, Parry Agro, Exide Inds, Sanwaria Agro and Sirpur Paper.
- INCREASING INVESTOR INTEREST IN RESORT HOTELS
- Magazine article from: Indonesian Commercial Newsletter May 13, 1991 700+ words
...construction of hotels has shifted to resort hotels which are hotels constructed outside...environment. The shift to construction of resort hotels has been motivated partly by the problems...issued permits to 14 companies to build resort hotels under the PMDN (Domestic Investment...
- Resort Hotels boss in court
- Newspaper article from: The Independent - London November 12, 1996 700+ words
...Shareholders of the mainly three-star Resort Hotels group were "misled" into parting...university. He later formed Norfolk Resort Hotels, which acquired the business and assets...He changed the company's name to Resort Hotels in 1985 and the business was quickly...
- Keells Resort Hotels unveils career website
- Newspaper article from: The Sunday Observer November 16, 2008 700+ words
...Colombo, Nov. 16 -- The Keells Resort Hotels Human Resources Division recently launched...current vacancies available within Keells Resort Hotels in Sri Lanka and the Maldives and facilitates...development of an employee at Keells Resort Hotels and shares the company's healthy...
- Remington Launches The Gallery(TM) - Luxury Resort Hotels Defined by Artful...
- Press release article from: PR Newswire June 4, 2007 700+ words
...its signature collection of luxury resort hotels in some of the world's most breathtaking...collection of unparalleled destination resort hotels, will feature state-of-the-art...a signature element connecting the resort hotels' creative spirit and surroundings...
- Brilliant bargains at Resort Hotels.(Competitions/Offers)
- Newspaper article from: The Mirror (London, England) September 23, 1997 700+ words
...longer by staying at one of the charming Resort Hotels just a stone's throw away from the...at one of three top Disneyland Paris Resort Hotels. We have arranged for you to enjoy...night stay - at one of the three Resort Hotels - giving you the added bonus of a quick...
- Disney Offering Free Gift Cards for Stays at Disneyland Resort Hotels in...
- Newspaper article from: Science Letter February 3, 2009 700+ words
...stay at one of the three Disneyland Resort hotels - Disneyland Hotel, Disney's Paradise...Adventure theme parks, Disneyland Resort hotels and Downtown Disney. Travel must be...Hotel and Spa, staying at any of the Resort hotels provides the Disney magic from check...
- Vail Resorts to Acquire Majority Interest in Rockresorts, A Luxury Resort Hotel...
- Press release article from: PR Newswire October 17, 2001 700+ words
...secured management contracts on its five resort hotels across the United States. Vail Resorts...consists of five Olympus-owned luxury resort hotels: the Cheeca Lodge in the Florida Keys...Rockresorts will initially operate 11 luxury resort hotels under the Rockresorts brand: five...
- SFO investigates Resort Hotels
- Newspaper article from: The Independent - London JOHN SHEPHERD March 26, 1994 700+ words
...been called in to investigate the financially distressed Resort Hotels company based in Brighton. The SFO confirmed the investigation...investigating matters relating to the past management of Resort Hotels." Resort, which operates largely three-star hotels in...