Gujarat Apollo buys back 9.98 lakh shares

Gujarat Apollo Industries has bought back 9.98 lakh shares from May 4 to September 19 for a total amount of Rs 17.86 crore, the company said in a filing to the bourses.

As on September 19, 2017, the equity shares bought back by the company in the buyback programme being 9,98,085 equity shares amounts to about 78.60% of the proposed maximum buyback quantity of 12,69,841 equity shares, said the company in a BSE filing on Tuesday post market hours.

The stock of Gujarat Apollo Industries was trading at Rs 278.50 per share, up by Rs 0.10 or 0.04% as at 1041 hours on Wednesday, on the BSE. The stock hit an intraday high and low of Rs 283 and Rs 277.35, respectively. The stock attracted a traded volume of 4,129 shares and traded value of Rs 11.54 lakh on the NSE. The company had hit its 52-week high of Rs 309.80 on September 13, 2017, and 52-week low of Rs 114.20 on September 21, 2016, on the NSE.

Gujarat Apollo Industries Limited is an India-based company engaged in the manufacture of machinery for mining, quarrying and construction. 


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