Amtek Auto is currently trading marginally higher at Rs 140, bouncing back more than 10%, after the company announced buyback plans.
“The board of directors of the company will meet on August 25 to consider and discuss the buyback of equity shares,” the company said in a filing to the stock exchanges.
The stock opened at Rs 139 and hit a high of Rs 145 on the NSE. A combined 508,162 shares have changed hands on the counter till 1139 hours.