Crisil is trading higher by 4% at Rs 865 after its board of directors approved a buyback of equity shares not exceeding Rs 1,000 a share and up to an aggregate of Rs 80 crore, subject to shareholders' and other approvals.
Meanwhile, the company has reported 20% year-on-year drop in net profit at Rs 60 crore in the July-September quarter, despite of 38% increase in income from operations at Rs 220 crore. Total expenditure has increased by 33% at Rs 144 crore during the recently concluded quarter, the credit rating agency said in a filing to the stock exchanges.
The board has declared a third interim dividend of Rs 2.75 a share on face value of Rs 1 in addition to a first and second interim dividend of Rs 27.5 a share each.
The stock opened at Rs 855 and touched a high of Rs 875 on the National Stock Exchange. A total 101,075 shares have changed hands on the counter till 0959 hours.
