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Share Market Live: Sensex, Nifty Off Day’s Highs; RIL, Adani Ports Advance – BloombergQuint

Shares of Kaveri Seed Co Ltd. advanced 6.65% to Rs 618.85 apiece after the company informed the exchanges that its board of directors approved the proposal for the buyback of company’s full-paid equity shares of face value Rs 2 each, for an aggregate amount of Rs 120 Crore at a price not exceeding Rs 850.

According to an exchange filing by the company, the indicative maximum number of shares proposed to be bought back at the maximum buyback size and price would be be 14,11,780 shares.

Of the 10 analysts tracking the company, 8 maintained ‘buy’ and 2 maintained ‘hold’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 24.2%