Swaraj Engines jumps on buyback

Swaraj Engines is buzzing loud and clear; the stock rose 16.5% to Rs.2207, clocking volumes of 16,000 shares today lone v/s two-week average of just about 400 shares.

The stock is up as the company announced yesterday, after market hours that its Board will be meeting on the 28th of Nov to consider buyback its shares.

The company has stated that its trading window for the designated employees of the company will remain closed with the immediate effect; it will re-open only after 48 hours from the announcement of outcome of the board meeting to stock exchanges.