News that Crompton Greaves’s board would consider a buyback enabled the stock to move up 6.76 per cent to Rs 128.8. The next board meeting on March 24, 2009 will also consider the declaration of a third interim dividend for FY09 along with buyback of equity shares.
The stock made an intraday high of Rs 130 and a low of Rs 120.5. The counter saw trading volumes of 310,000 lakh shares vis-a-vis its two-week average of 98,713 shares. The scrip made a 52-week high of Rs 289.9 and a low of Rs 106.25.