Binani Industries soared 15.65% to Rs 35.85 at 11:46 IST on BSE, on buyback plan.
The stock hit a high of Rs 37.20 and a low of Rs 32.40 so far during the day. The stock has a 52-week high of Rs 307.80 on 3 January 2008 and a 52-week low of Rs 27.05 on 27 October 2008.
The company's current equity is Rs 29.60 crore. Face value per share is Rs 10.
Binani Industries' board will meet on 18 November 2008 to consider buyback of equity shares. The company made this announcement after trading hours on Monday, 10 November 2008.
Binani Industries reported net loss of Rs 4.12 crore in Q2 September 2008 as compared to net loss of Rs 2.89 crore in Q2 September 2007. Total income rose 1610% to Rs 3.42 crore in Q2 September 2008 over Q2 September 2007.
The company is engaged in manufacturing and marketing cement and non-ferrous metal. The group operates in three segments: cement, zinc and by-products and glass fibre.
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